Vol. 9 no. 3 November 2007

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Contents and editorial information

Monetary policy statement by the Board of Governors

Tighter monetary policy needed

Economic and monetary developments and prospects

Domestic demand stronger than previously forecast, but financial conditions have deteriorated

I Inflation outlook and monetary policy

II External conditions and exports

III Financial conditions

IV Domestic demand and output

V Public sector finances

VI Labour market and wage developments

VII External balance

VIII Inflation developments

IX Inflation forecast

Financial markets and Central Bank measures

Upheaval in the global markets

Thórarinn G. Pétursson

The role of monetary policy

Monetary policy and instruments

Economic and monetary chronicle

Featured statistics

Tables and charts