Iceland Interest Rate

The benchmark interest rate in Iceland was last recorded at 6 percent. Interest Rate in Iceland is reported by the Central Bank of Iceland. Interest Rate in Iceland averaged 8.99 Percent from 1998 until 2014, reaching an all time high of 18 Percent in October of 2008 and a record low of 4.25 Percent in February of 2011. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.00 6.00 18.00 4.25 6.00 | 2014/06 1998 - 2014 Percent Monthly

TO

Iceland Interest Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-06 08:55 AM Iceland
CBI Interest Rate Decision
6% 6% 6%
2013-12-11 09:15 AM Iceland
CBI Interest Rate Decision
6% 6% 6%
2014-02-12 09:00 AM Iceland
CBI Interest Rate Decision
6.0% 6.0% 6%
2014-03-19 08:55 AM Iceland
CBI Interest Rate Decision
6.0% 6.0% 6%
2014-05-21 09:00 AM Iceland
CBI Interest Rate Decision
6.0% 6.04%
2014-06-11 09:00 AM Iceland
CBI Interest Rate Decision
6%
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 6.00 2014-03-19 6.00 18.00 4.25 6.00 2014-06-30 Percent [+]
Foreign Exchange Reserves 468216.00 2014-03-31 495545.98 1110305.98 610.00 494491.93 2014-03-31 ISK Million [+]
Interbank Rate 6.10 2014-04-30 6.20 18.60 4.00 6.00 2014-05-31 Percent [+]
Money Supply M0 39382.83 2014-02-28 39386.06 41616.77 1.60 39822.34 2014-03-31 ISK Million [+]
Money Supply M1 497.93 2014-02-28 501.49 575.98 8.88 502.47 2014-03-31 ISK Billion [+]
Money Supply M2 950.90 2014-02-28 956.90 1134.03 0.06 969.65 2014-03-31 ISK Billion [+]
Money Supply M3 1614.52 2014-02-28 1620.93 1669.34 0.03 1625.03 2014-03-31 ISK Billion [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


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Government Spending in Iceland increased to 69607 ISK Million in the fourth quarter of 2013 from 66259 ISK Million in the third quarter of 2013. Government Spending in Iceland is reported by the Statistics Iceland.
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Gross National Product in Iceland increased to 999053 ISK Million in 2013 from 900218 ISK Million in 2012. Gross National Product in Iceland is reported by the Statistics Iceland.
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Job Vacancies in Iceland increased to 223 in February of 2014 from 150 in January of 2014. Job Vacancies in Iceland is reported by the Directorate of Labour, Iceland.
Iceland Producer Prices at 195.30 Index Points  
Producer Prices in Iceland decreased to 195.30 Index Points in February of 2014 from 195.50 Index Points in January of 2014. Producer Prices in Iceland is reported by the Statistics Iceland.
Iceland Unemployed Persons at 7213.00  
The number of unemployed persons in Iceland increased to 7213 in February of 2014 from 7190 in January of 2014. Unemployed Persons in Iceland is reported by the Directorate of Labour, Iceland.
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