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 18. May 2006 and is therefore more than 5 years old.

The Board of Governors of the Central Bank of Iceland has decided to raise the Bank’s policy interest rate by 0.75 percentage points to 12.25% as of May 23. The Central Bank’s other interest rates will also be raised by 0.75% percentage points as of May 21.

Other things being equal, the next interest rate decision by the Board of Governors of the Central Bank of Iceland will be announced on Thursday, July 6, coinciding with publication of the next Monetary Bulletin.

No. 18/2006

May 18, 2006