Iceland Interest Rate

Iceland Interest Rate

Key Interest Rate in Iceland

The Key Interest Rate ended 2022 at 6.00%, up with the 2.00% end-2021 value and slightly up with the reading of 5.38% a decade earlier. For more interest rate information, visit our dedicated page.

Iceland Interest Rate Chart

Note: This chart displays Policy Interest Rate (%) for Iceland from 2014 to 2023.
Source: Central Bank of Iceland.

Iceland Interest Rate Data

2018 2019 2020 2021 2022
Key Interest Rate (% eop) 4.50 3.00 0.75 2.00 6.00
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Icelandic interest rate projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Icelandic interest rate.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Icelandic interest rate projections.

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