Meginmál

The Central Bank of Iceland raises its policy interest rate

The Central Bank of Iceland raises its policy interest rate

NOTE: This article is from 02. December 2004 and is therefore more than 5 years old.

The Board of Governors of the Central Bank of Iceland have decided to raise the Bank's policy interest rate by 1 percentage point to 8.25% from December 7 inclusive. The Central Bank has now raised its policy rate by 2.95 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

Nr. 32/2004

December 2, 2004