Interest Rate in Iceland

Iceland Interest Rate | Economic News & Forecasts

Iceland - Interest Rate

The Icelandic economy slowed markedly in the third quarter, despite a robust performance from the crucial tourism sector which supported private outlays. The downswing was due exclusively to lower fixed investment, itself driven by a sharp contraction in business investment and a softer decline in residential construction investment. On the flipside, public investment surged in the quarter, both private and public spending growth picked up slightly, while the external sector’s growth contribution improved thanks to a rebound in exports, despite a marginal recovery in imports. Meanwhile, the country appears to be headed towards difficult wage negotiations in coming months, as the powerful labor unions push for steep minimum wage increases

Iceland - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)6.00  4.50  5.75  5.00  4.25  

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Iceland Interest Rate Chart

Iceland Interest Rate
Note: 7-Day collateralised lending rate in %.
Source: Central Bank of Iceland.

Iceland Facts

Bond Yield5.49-0.99 %Jan 14
Exchange Rate120.7-0.52 %Jan 14
Stock Market1,227-0.32 %Jan 14

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