16 May 2008

A few points on monetary policy presented by Governor Eirikur Gudnason

Eiríkur Guðnason, Governor of the Central Bank of Iceland, presented a few points on monetary policy for visitors in the Central Bank on May 7, 2008. The translation in English is presented here.

In the presentation, as translated in English, Governor Guðnason begins by saying:

"I would like to discuss briefly a few matters of current import, from the point of view of the Central Bank. I will also touch on two subjects that have been in the limelight recently: price indexation of loans and the adoption of the euro in Iceland.


The economic skies have clouded over in the recent term, but there is no reason to despair. We have a job to do, and the Icelandic economy has demonstrated that it has the flexibility necessary to work through the situation at hand. But it is critical that we be aware of the problem and try to learn from experience."

See the few points by Governor Eiríkur Guðnason:
A translation of the presentation by Governor Eiríkur Guðnason, May 8, 2008.