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

The Central Bank of Iceland decided to lower the benchmark interest rate by 50 bps to 5.25 percent at its December 2014 meeting amid low inflation and weak growth. Interest Rate in Iceland averaged 8.77 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
5.25 5.75 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 Thursday, December 18, 2014.

Calendar GMT Event Actual Previous Consensus Forecast (i)
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 08:55 AM
CBI Interest Rate Decision 
5.25% 5.75% 5.75%
2015-02-12 09:00 AM
CBI Interest Rate Decision 
5%
2015-03-19 08:55 AM
CBI Interest Rate Decision 
4.75%
2015-05-21 09:55 AM
CBI Interest Rate Decision 
4.75%


Iceland Money Last Previous Highest Lowest Unit
Interest Rate 5.25 5.75 18.00 4.25 percent [+]
Interbank Rate 5.90 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 565755.40 556948.56 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 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 11.75 Dec/14 11.25 45.00 7.25 percent [+]
Canada 1.00 Dec/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Dec/14 0.05 4.75 0.05 percent [+]
France 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Dec/14 0.05 4.75 0.05 percent [+]
India 8.00 Dec/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Dec/14 7.75 12.75 5.75 percent [+]
Italy 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Nov/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Dec/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Dec/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Switzerland 0.00 Dec/14 0.00 3.50 0.00 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Dec/14 0.50 17.00 0.50 percent [+]
United States 0.25 Dec/14 0.25 20.00 0.25 percent [+]