Iceland Interest Rate  1998-2016 | Data | Chart | Calendar | Forecast

The Central Bank of Iceland kept its seven-day term deposit rate unchanged at 5.75 percent on May 11th, saying that the current monetary policy contributed to a more moderate rise in inflation than could have been expected in the wake of large pay increases. Policymakers added that, according to the Bank’s forecast, a tighter monetary stance will probably be needed in the coming term, in view of growing domestic inflationary pressures. Meanwhile, the Central Bank upgraded its growth forecasts for the economy and now it expects the country to expand by 4.5 percent in 2016 and by 4 percent in 2017. Interest Rate in Iceland averaged 8.22 percent from 1998 until 2016, 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
5.75 5.75 18.00 4.25 1998 - 2016 percent Daily
In Iceland, the benchmark interest rate is set by the board of Governors of the Central Bank of Iceland (Seðlabanki Íslands). The main interest rate is the seven-day term deposit rate since May 2014. Previously the Bank’s key rate was the rate on its collateralised loans to financial institutions, but in the wake of the crisis the interest rate on the Bank’s deposits had greater influence on money market, as demand for Central Bank loans had been limited. This page provides - Iceland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-10 08:55 AM CBI Interest Rate Decision 5.75% 5.75% 5.75%
2016-03-16 08:55 AM CBI Interest Rate Decision 5.75% 5.75% 5.75%
2016-05-11 08:55 AM CBI Interest Rate Decision 5.75% 5.75% 5.75%
2016-06-01 08:55 AM CBI Interest Rate Decision 5.75% 5.75%
2016-08-24 08:55 AM CBI Interest Rate Decision 5.75%
2016-10-05 08:55 AM CBI Interest Rate Decision 5.75%

Iceland Money Last Previous Highest Lowest Unit
Interest Rate 5.75 5.75 18.00 4.25 percent [+]
Interbank Rate 6.30 6.30 18.47 3.88 percent [+]
Money Supply M0 47096.74 46966.15 48870.56 1.60 ISK Million [+]
Money Supply M1 399.62 408197.82 408197.82 8.88 ISK Billion [+]
Money Supply M2 934.99 937310.61 937310.61 0.06 ISK Billion [+]
Money Supply M3 1625.80 1626880.59 1626880.59 0.03 ISK Billion [+]
Foreign Exchange Reserves 760211.40 734529.01 1110305.98 610.00 ISK Million [+]
Banks Balance Sheet 3209345.00 3211467.00 14896283.00 2757398.00 ISK Million [+]
Deposit Interest Rate 4.85 4.81 39.46 3.03 percent [+]
Central Bank Balance Sheet 892478.00 941635.00 1637813.00 58186.00 ISK Million [+]




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