Iceland Interest Rate  1998-2017 | Data | Chart | Calendar | Forecast

The Central Bank of Iceland held its seven-day term deposits rate by at 5 percent on February 8th, following a 25bps cut in December to support the currentcy. Policymakers said that the inflation outlook has improved slightly since the November forecast while a rapid growth in economic activity and clear signs of growing demand pressures call for a tight monetary stance to ensure medium-term price stability. Interest Rate in Iceland averaged 8.06 percent from 1998 until 2017, reaching an all time high of 18 percent in October of 2008 and a record low of 4.25 percent in February of 2011.

Iceland Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-16 08:55 AM CBI Interest Rate Decision 5.25% 5.25% 5.00% 5.25%
2016-12-14 08:55 AM CBI Interest Rate Decision 5% 5.25% 5.25%
2017-02-08 08:55 AM CBI Interest Rate Decision 5% 5% 5% 5%
2017-03-15 08:55 AM CBI Interest Rate Decision
2017-04-06 09:00 AM Financial Stability Report
2017-05-17 08:55 AM CBI Interest Rate Decision




Iceland Money Last Previous Highest Lowest Unit
Interest Rate 5.00 5.00 18.00 4.25 percent [+]
Interbank Rate 5.25 5.25 18.47 3.88 percent [+]
Money Supply M0 55097.21 50778.44 55097.21 1.60 ISK Million [+]
Money Supply M1 479.56 456215.23 458715.03 8.88 ISK Billion [+]
Money Supply M2 981.16 993364.43 993364.43 0.06 ISK Billion [+]
Money Supply M3 1644.00 1671663.55 1671663.55 0.03 ISK Billion [+]
Banks Balance Sheet 3286382.00 3287838.00 14896283.00 2757398.00 ISK Million [+]
Foreign Exchange Reserves 855061.37 815352.35 1110305.98 610.00 ISK Million [+]
Deposit Interest Rate 4.85 4.81 39.46 3.03 percent [+]
Central Bank Balance Sheet 937774.08 914044.28 1638738.36 58186.00 ISK Million [+]
Private Debt to GDP 323.51 380.35 380.35 272.98 percent [+]



Iceland Interest Rate Notes

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. Therefore the Bank’s key interest rate is the rate on seven-day term deposits. 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 18.00 4.25 1998 - 2017 percent Daily



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Israel 0.10 Jan/17
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