Policy Rate Lowered to 12 Percent in Iceland Iceland Review

The monetary policy committee of the Central Bank of Iceland announced this morning its intention to reduce the policy rate from 13 to 12 percent. The rate on overnight loans will also drop by one percent but other Central Bank rates remain unchanged.

The monetary policy committee of the Central Bank of Iceland announced this morning its intention to reduce the policy rate from 13 to 12 percent. The rate on overnight loans will also drop by one percent but other Central Bank rates remain unchanged.

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