27.11.2009
Lecture on the financial crisis, housing markets, and households

Central Bank of Iceland economist Thorvardur Tjörvi Ólafsson gave a lecture on the financial crisis, housing markets, and households at a Nordic conference held in Reykjavík yesterday.

In his talk, Mr. Ólafsson presented the Icelandic financial crisis in a historical and international context, with particular focus on the housing market and the status of households. He also discussed the impact of the financial crisis on households and the housing market. The lecture, which was given in English, was accompanied by the following slide presentation.

See:
Households and housing markets in financial crises
The Icelandic version


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Consumer prices, 12-month changes. Last value: 6.6%
Verðbólga
Inflation target 2.5%

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CBI's interest rates
Overnight 11.00%
Loans against collateral 9.50%
Current account 8.00%
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Currency 8.2.2010 Ch. *
USD 128.72 -0.05%
GBP 200.42 -0.88%
DKK 23.68 0.06%
EUR 176.27 0.05%
* Changes from last entry
Exch. Rate IndicesMore »
Exchange Rate Indices 2/8/2010 Ch. *
Narrow trade index** 231.35 0.04%
* Changes from last entry
** The index has been recalculated so that, on January 2, 2009, it was assigned a value equivalent to that of the now-discontinued Exchange Rate Index.
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Penalty rates from 1.2.2010 17.00%
08.02.10 REIBID REIBOR
O/N 8.100% 8.600%
S/W 8.000% 8.500%
1 M 8.500% 8.750%
3 M 7.800% 8.250%
1 Y 6.750% 7.000%


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