Iceland Interest Rate 1998-2014 | Data | Chart | Calendar | Forecast

Central Bank of Iceland lowered its key interest rate to 5.75 percent on November 5th from 6.00 percent, as the real borrowing costs had risen more than anticipated due to a rapid decline in inflation. Interest Rate in Iceland averaged 8.80 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. Interest Rate in Iceland is reported by the Central Bank of Iceland.

   
  Forecast  

Iceland Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.75 6.00 18.00 4.25 1998 - 2014 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 Wednesday, November 26, 2014.

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-20 09:55 AM
CBI Interest Rate Decision 
6.0% 6.0% 6%
2014-10-01 09:55 AM
CBI Interest Rate Decision 
6.0% 6.0% 6%
2014-11-05 08:55 AM
CBI Interest Rate Decision 
5.75% 6.0% 6%
2014-12-10 09:55 AM
CBI Interest Rate Decision 
5.75% 5.75%


Iceland Money Last Previous Highest Lowest Unit
Interest Rate 5.75 6.00 18.00 4.25 percent [+]
Interbank Rate 6.10 6.10 18.60 4.00 percent [+]
Money Supply M0 41062.42 40729.90 41616.77 1.60 ISK Million [+]
Money Supply M1 516.39 503.72 575.98 8.88 ISK Billion [+]
Money Supply M2 1080.68 967.51 1134.03 0.06 ISK Billion [+]
Money Supply M3 1769.43 1662.05 1769.43 0.03 ISK Billion [+]
Foreign Exchange Reserves 556948.56 544304.75 1110305.98 610.00 ISK Million [+]
Banks Balance Sheet 3173036.00 3164439.00 14896283.00 2757398.00 ISK Million [+]
Central Bank Balance Sheet 1028028.00 1027213.00 1637813.00 58186.00 ISK Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.50 17.50 2.50 percent [+]
Brazil 11.25 Oct/14 11.00 45.00 7.25 percent [+]
Canada 1.00 Oct/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Nov/14 0.05 4.75 0.05 percent [+]
France 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Nov/14 0.05 4.75 0.05 percent [+]
India 8.00 Oct/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Nov/14 7.50 12.75 5.75 percent [+]
Italy 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Nov/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Oct/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Russia 9.50 Oct/14 8.00 10.50 5.00 percent [+]
South Korea 2.00 Nov/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Switzerland 0.00 Oct/14 0.00 3.50 0.00 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Nov/14 0.50 17.00 0.50 percent [+]
United States 0.25 Oct/14 0.25 20.00 0.25 percent [+]