Icelandic Economic Weekly: Monday 13 May 2019
Last week's highlights
The number of foreign passenger departures from Iceland through Keflavík International Airport decreased by 18.5% year-on-year in April, April being the first full month after WOW air ceased operations.
Icelandair released traffic data for April.
Statistics Iceland released an economic forecast.
In April, the Icelandic króna (ISK) depreciated slightly against the currencies of all main trading partners, except the Swedish krona.
The Government Debt Management Agency published its monthly Market Information report.
Arion Bank and Íslandsbanki released quarterly earnings.
The week ahead
On Tuesday, the Directorate of Labour will release unemployment numbers for April.
On Wednesday, TM will release quarterly earnings.
Hagar, Sjóvá, Sýn and Heimavellir will all released quarterly earnings on Thursday.
Markets 13 May 2019
Macro Overview 13 May 2019
The CBI released its biannual Financial Stability Report. The Government Debt Management Agency published its monthly Market Information report. Icelandair released traffic data for September.More
Rates for non-indexed housing mortgages with interest rates fixed for 36 and 60 months decrease by 0.25 percentage points. Floating non-indexed rates generally fall by 0.05 to 0.25 percentage points. Floating interest rates on non-indexed housing mortgages decrease by 0.10 percentage points.More
The MPC lowered policy rates by 0.25 percentage points. The króna appreciated in September. Some 183,000 foreign visitors travelled through Keflavík International Airport in September, a YOY decrease of 20.7%.More