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monetary policy
7. October 2026

Statement of the Monetary Policy Committee October 7 2026

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 8.00%. All Committee members voted ...

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monetary policy
6. October 2026

Webcast: Statement of the Monetary Policy Committee, Wednesday 7 October 2026

A statement of the Monetary Policy Committee will be published, Wednesday 7 October, at 08:30 hrs. At 9:30 hrs., a press conference on the statement and the contents of the Monetary Bulletin will be held.

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working paper
publications
working papers
29. September 2026

Working paper no. 102: QMM - A quarterly macroeconomic model of the Icelandic economy, version 5.0

The Central Bank of Iceland has published a new version of the handbook for the QMM macroeconomic model, incorporating changes introduced in the fifth version of the model. The handbook, titled QMM - A quarterly macroeconomic model of the Icelandic e...

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Inflation

5.9%

Central Bank’s inflation target is 2½%

Key interest rate

8.00%

Valid from: 07 October 2026
Next update: 18 November 2026

“The Central Bank shall promote price stability, financial stability, and sound and secure financial activities.”

Exchange rate
  • EUR 137.20
  • USD 122.75
  • GBP 162.09
  • NOK 12.808
  • DKK 18.356
Official exchange rate

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international reserves
9 October
9:00
International reserves
Period: September 2026
Frequency: Monthly
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payment intermediation
16 October
9:00
Payment intermediation
Period: September 2026
Frequency: Monthly
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insurance companies
19 October
9:00
Insurance companies
Period: August 2026
Frequency: Monthly
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