Iceland‘s Central Bank raises benchmark rate to cap inflation
23rd March
Iceland’s Central Bank has raised interest rates for the third time in seven months, in order to contain inflation after the króna slipped.
Iceland tightens króna controls to prevent market turmoil
20th March
Iceland’s parliament has pushed through stricter capital controls in an effort to hamper speculative trading and to support the króna as the country seeks to emerge from its 2008 economic crisis.
Iceland‘s Central Bank to pre-pay IMF loans
20th March
The Central Bank of Iceland has announced in a press release that it will prepay loans from the International Monetary Fund and the Nordic countries in the amount of ISK 116 billion.
Central Bank of Iceland offers to purchase euros and Icelandic krónur
15th March
The Central Bank of Iceland is offering to purchase euros in exchange for Icelandic krónur for long-term investment in the Icelandic economy, or in exchange for payment in Treasury bonds.
Central Bank sells foreign currency in interbank market
15th March
On 6 March 2012, the Central Bank of Iceland sold 12 million euros in the interbank foreign market.
Iceland‘s President to seek fifth term
5th March
Iceland’s President Olafur R. Grimsson has announced that he will be seeking a fifth four-year term in office in the upcoming elections to be held in June.
Iceland will need more measures to meet fiscal targets, says IMF
5th March
According to the International Monetary Fund, Iceland is in need of further measures to meet it fiscal targets amid overspending and projected budgetary regression.
Local rates deemed impermissible on foreign loans, says Iceland’s Supreme Court
28th February
Iceland’s Supreme Court recently ruled that lenders may not adjust higher interest rates on foreign-currency-linked loans, overruling a government law from 2010.
Iceland‘s inflation slows for first time since November
28th February
Iceland’s annual inflation rate slowed for the first time since November, easing pressure on the Central Bank to raise interest rates.
Central Bank buys euros for ISK in auction
28th February
On 15 February, the Central Bank of Iceland held an auction to purchase euros against payment in Icelandic Treasury bonds.