01 June 2018

Interest rate on Central Bank of Iceland certificates of deposit

Central Bank of Iceland

With reference to Article 10, Paragraph 2 of the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, no. 37/2016, the interest rate on the Central Bank of Iceland certificates of deposit specified in the Act is reviewed by the Central Bank on interest payment dates.

The Bank has decided that from the 2 June 2018 interest payment date, the annual interest rate on these certificates (ISIN: IS0000027068) shall be unchanged at 0.5%.

Interest on the certificates is paid retroactively once a year and shall be deposited in accounts subject to special restrictions, cf. Article 10, Paragraph 4 of Act no. 37/2016.

No. 7/2018
1 June 2018