Vol. 8 no. 2 July 2006
Contents and editorial information
Introduction
Worse inflation outlook calls for a significantly tighter stance
Economic and monetary developments and prospects
The inflation outlook deteriorates due to depreciation of the króna and rising wage costs
II External conditions and exports
VI Labour market and wage developments
VIII Inflation developments and inflation forecast
Financial markets and Central Bank measures
Domestic markets calmer
Davíd Oddsson, Chairman of the Board of Governors of the Central Bank of Iceland
Challenging times
Gudrún Yrsa Richter and Daníel Svavarsson
Effective exchange rate calculations
Article IV Consultation: Concluding Statement of the International Monetary Fund
Monetary policy and instruments