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Statement of the Central Bank of Iceland Financial Stability Committee 6 December 2023
The Icelandic financial system is sound. The systemically important banks’ capital and liquidity are strong. Although lending growth has eased, the banks remain well able to continue to supply credit to households and businesses.

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Statement of the Financial Stability Committee - webcast today
A statement of the Financial Stability Committee was published on the Central Bank of Iceland website today at 8:30 hrs. An hour later, at 9:30, a webcast from a press conference on the statement will be held. At the press conference Ásgeir Jónsson, Governor and Financial Stability Committee chair and Gunnar Jakobsson, Deputy Governor for Financial Stability, will introduce and discuss the statement.


Current account surplus 61.8 b.kr. in Q3/2023 – net IIP positive by 31.2% of GDP
The current account surplus measured 61.8 b.kr. in Q3/2023. This represents an improvement of 60.8 b.kr. relative to the previous quarter and 39.7 b.kr. relative to Q3/2022. At the end of the quarter, the net international investment position was posi-tive by 1,272 b.kr., or 31.2% of GDP. It improved by 145 b.kr., or 3.6% of GDP, during the quarter.


Monetary Bulletin published
The Monetary Bulletin, 2023/4, has been posted on this website. Monetary Bulletin is published four times a year. In early May and early November, it contains an inflation and macroeconomic forecast, together with an in-depth analysis of economic and monetary developments and prospects. The February and August issues include updated inflation and macroeconomic forecasts and an abbreviated report on economic and monetary developments and outlook.


Statement of the Monetary Policy Committee 22 November 2023
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 9.25%. Inflation fell slightly between months and measured 7.9% in October. Underlying inflation has subsided as well. Indicators continue to suggest a slowdown in private consumption and investment.
