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Iceland CBI Interest Rate Decision

It is the board of Governors of the Icelandic Central Bank (Sedlabanki Islands) that sets the benchmark interest rate in the country. The seven-day term deposit rate in May 2014, is the primary rate of interest. Originally, the Bank's key rate was the rate on its collateralized loans to banking firms, but in the aftermath of the crisis, the Bank's deposit rate exerted a greater impact on the money market, as demand for Central Bank loans was limited. As a result, the Bank's key interest rate is the seven-day term deposit rate.

A higher than expected figure should be seen as positive (bullish) for the ISK while a lower than expected figure should be seen as negative (bearish) for the ISK.

Category:  Interest Rate
Units:  Percent
Impact: Low
Currency: ISK
Latest Release
Previous: 9.25%
Consensus: 9.25%
Actual: 9.25%
Next Release
No data