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 16. August 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 (repo rate) by 0.5 percentage points to 13.5%. The Central Bank’s other interest rates will also be raised by 0.5 percentage points, except the interest rate on required deposits and overnight loans, which will be raised by 0.25 percentage points.

The next interest rate decision by the Board of Governors of the Central Bank of Iceland will be announced on Thursday, September 14, 2006.

No. 31/2006

August 16, 2006