Meginmál

Policy rate lowered

Policy rate lowered

NOTE: This article is from 04. June 2009 and is therefore more than 5 years old.

The Monetary Policy Committee has decided to lower the Central Bank of Iceland's policy rate by 100 basis points to 12.0 percent. Overnight lending rates will also be lowered by 100 basis points. Other Central Bank interest rates will remain unchanged.

No. 16/2009

June 4, 2009

See further:

At 11:00 a.m., the Bank will present the rationale for the decision in a webcast.