Iceland Interest Rate 1998-2015 | Data | Chart | Calendar | Forecast

The Central Bank of Iceland raised its benchmark collateral lending rate by 50bps to 6.25 percent on August 19th, 2015, aiming to fight inflationary pressure amid robust growth outlook. Policymakers also signaled further tightening if inflation rises in the wake of the wage settlements as expected. Interest Rate in Iceland averaged 8.58 percent from 1998 until 2015, reaching an all time high of 18 percent in October of 2008 and a record low of 4.25 percent in February of 2011. Interest Rate in Iceland is reported by the Central Bank of Iceland.

Iceland Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
6.25 5.75 18.00 4.25 1998 - 2015 percent Daily
In Iceland, interest rates decisions are taken by the board of Governors of the Central Bank of Iceland (Seðlabanki Íslands). The main interest rate is the nominal rate. This page provides - Iceland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Iceland Interest Rate - was last refreshed on Friday, August 28, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-13 09:55 AM 5.25% 5.25% 5.25% 5.25%
2015-06-10 09:55 AM 5.75% 5.25% 5.25% 5.25%
2015-08-19 10:00 AM 6.25% 5.75% 5.75%
2015-09-30 09:55 AM 6.25% 5.75%
2015-11-04 08:55 AM 5.75%
2015-12-09 08:55 AM 5.75%

Iceland Money Last Previous Highest Lowest Unit
Interest Rate 6.25 5.75 18.00 4.25 percent [+]
Interbank Rate 6.00 6.00 18.60 4.00 percent [+]
Money Supply M0 47455.74 43723.78 47455.74 1.60 ISK Million [+]
Money Supply M1 461.84 436.99 575.98 8.88 ISK Billion [+]
Money Supply M2 1095.08 1064.47 1134.03 0.06 ISK Billion [+]
Money Supply M3 1806.56 1767.07 1806.56 0.03 ISK Billion [+]
Foreign Exchange Reserves 620052.11 605150.37 1110305.98 610.00 ISK Million [+]
Banks Balance Sheet 3153003.00 3146217.00 14896283.00 2757398.00 ISK Million [+]
Central Bank Balance Sheet 1031040.00 1014938.00 1637813.00 58186.00 ISK Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Aug/15 2.00 17.50 2.00 percent [+]
Brazil 14.25 Jul/15 13.75 45.00 7.25 percent [+]
Canada 0.50 Jul/15 0.75 16.00 0.25 percent [+]
China 4.60 Aug/15 4.85 10.98 4.60 percent [+]
Euro Area 0.05 Jul/15 0.05 4.75 0.05 percent [+]
India 7.25 Aug/15 7.25 14.50 4.25 percent [+]
Indonesia 7.50 Aug/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Aug/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Jul/15 11.50 17.00 5.00 percent [+]
South Korea 1.50 Aug/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Aug/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Aug/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]