Nordic & Swiss Economics

Nordic & Swiss Economics Update

15 November, 2017

Icelandic monetary policy to be unchanged until 2019

Following today’s decision to keep interest rates unchanged, the Central Bank of Iceland (CBI) appears to have reached the end of its loosening cycle. We expect the Bank to keep rates on hold until the second half of 2019, when it is likely to respond to rising domestic inflationary pressure by edging rates up.

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