The Monetary Policy Committee (MPC) of the Central Bank of Iceland announced its decision this morning to lower the policy rate by 1 percentage points, from 13% to 12%, While this is in line with most analysts' forecasts, the cut is less than hoped for by many – and suggested by the MPC itself only a month ago at its last rate announcement.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland announced its decision this morning to lower the policy rate by 1 percentage points, from 13% to 12%, While this is in line with most analysts' forecasts, the cut is less than hoped for by many - and suggested by the MPC itself only a month ago at its last rate announcement.