News and notifications

- Vikubyrjun/Weekly bulletin

Icelandic Economic Weekly: Monday 4 December 2017

Last week's highlights

The service account was positive by ISK 118bn in Q3.

The total balance of trade in service and goods was ISK 70bn in Q3.

At its last meeting, all members of the MPC voted in favour of the Governor’s proposal to hold rates unchanged.

The week ahead

Later today, the CBI will release balance of payment and the international investment position for 3Q.

On Friday, Statistics Iceland will release national accounts for Q3.


Iceland forms left-right coalition government (FT)

Iceland's New Prime Minister Needs to Tackle Extreme Wage Growth (Bloomberg)

Iceland’s New Leaders Gear Up for Spending Drive (Bloomberg)

Iceland’s New Prime Minister Is an Expert on Crime Thrillers (NYTimes)

Left Green leader made head of Iceland’s new government (Washington Post)

Markets 4 December 2017

Macro Overview 4 December 2017


Vikubyrjun/Weekly bulletin - 19 March 2018 12:53 PM

Icelandic Economic Weekly: Monday 19 March 2018

The Monetary Policy Committee held policy rates unchanged, in line with our expectations. Concurrent with the interest rate decision, Governor Már Guðmundsson gave a statement on the special reserve requirement on capital inflows. The CBI released updated data on foreign direct investment.


News and Notifications - 13 March 2018 12:49 PM

Economic growth continues to slow down, but was still robust last year

According to preliminary figures from Statistics Iceland, economic growth measured 3.6% in 2017 following on the heels of 7.5% growth in 2016. There is a considerable slow-down between years, with economic growth in 2017 more in line with Iceland’s long-term potential output.


Vikubyrjun/Weekly bulletin - 12 March 2018 10:42 AM

Icelandic Economic Weekly: Monday 12 March 2018

GDP increased by 1.5% YoY in Q4 2017 and 3.6% for the FY 2017. Landsvirkjun issued an USD 200m green bond. We expect the Monetary Policy Committee to hold policy rates unchanged on Wednesday.