In order to make domestic retail payments more flexible and reduce the probability that interruptions in internet connections will disrupt business activity, consumers will soon be able to make payment by credit or debit card in Iceland even if internet connections go down.

The Icelandic financial system is sound and is well prepared to withstand unforeseen shocks. The systemically important banks’ financial position is strong, and their access to market-based funding is good. Protracted global economic uncertainty, a worsening inflation outlook, and high interest rates could test the financial system’s resilience in the coming term. Private sector debt ratios are generally low, and arrears are limited. The Central Bank of Iceland’s stress test indicates that the three large banks could withstand substantial shocks without excessively curtailing the supply of credit to customers.

A state­ment of the Fin­an­cial Sta­bil­ity Com­mit­tee will be pub­lished at 8:30 on Wed­nes­day 3 June 2026.

Ásgeir Jónsson gave a presentation today at a conference on Iceland's currency options, which was hosted by the Ministry of Finance and Economic Affairs at Harpa.

In co-operation with the Center for International Macroeconomics at Northwestern University, the Central Bank of Iceland will convene the Reykjavík Economic Conference on 28-29 May 2026.

Monetary Bulletin provides a quarterly overview of monetary developments and prospects, including an inflation forecast, which plays an important role in the formulation of monetary policy.

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 7.75%. All Committee members voted in favour of the decision.

A statement of the Monetary Policy Committee will be published on the Central Bank of Iceland website, Wednesday 20 May, at 08:30 hrs. Monetary Bulletin will be published on the website at 08:35 and at 9:30 hrs., a press conference on the statement and the contents of the Monetary Bulletin will be held.