The Board of Governors of the Central Bank of Iceland have decided to
raise the Bank's policy interest rate by 0.5 percentage points to 6.75% from
September 21 inclusive. The Central Bank has now raised its policy rate by 1.45
percentage points since May this year. In its quarterly Monetary Bulletin, which
is published on the Bank's website today, the Bank presents its justification
for raising the policy rate now.
For further information contact Birgir
Ísleifur Gunnarsson, Chairman of the Board of Governors of the Central Bank of
Iceland, tel. +354 569-9615.
No. 26/2004
September 17, 2004