Central Bank cuts key interest rate to 7.5% amid inflation concerns
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The Monetary Policy Committee (MPC) of the Central Bank of Iceland has lowered the bank’s key interest rate by 0.25 percentage points, setting the seven-day term deposit rate at 7.50%. This marks the fourth consecutive rate cut, with unanimous support fromCentral Bank cuts key interest rate to 7.5% amid inflation concerns
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has lowered the bank’s key interest rate by 0.25 percentage points, setting the seven-day term deposit rate at 7.50%. This marks the fourth consecutive rate cut, with unanimous support from all committee members. Read more