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Landsbankinn changes interest rates

Fixed rates on non-indexed 60-month housing loans were lowered by 0.50 pp and fixed rates on 36-month housing loans by 0.30 pp. Fixed rates on 60-month inflation-indexed housing loans were lowered by 0.35 pp. Changes to fixed rates on housing loans entered into effect on 29 May.

Variable rates on non-indexed housing loans decrease by 0.40 pp and other variable inflation-indexed rates decrease by 0.30 pp. Other variable lending rates in ISK decrease by 0.30-0.50 pp.

Variable deposit rates in ISK in most cases decrease by 0.10-0.50 pp yet remain unchanged in some cases. Interest on the lower amount brackets of Vaxtareikningur premium rate account on the other hand increase by 0.25 pp. The 7-day fixed term provision for deposits to Vaxtareikningur premium rate accounts will be abolished and deposits made free for withdrawal at any time.

Landsbankinn's new interest rate tariff took effect on 1 June 2019.

Weekly bulletin - 16 September 2019 08:39 AM

Icelandic Economic Weekly: Monday 16 September 2019

The CBI released the minutes from the last meeting of the MPC. The Government Debt Management Agency published its monthly Market Information report. Registered unemployment was 3.5% in August compared with 2.5% August 2018.


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Weekly bulletin - 09 September 2019 08:59 AM

Icelandic Economic Weekly: Monday 9 September 2019

Statistics Iceland corrected earlier published national accounts for Q2. The CBI published the balance of payment and net external position. After appreciating in the second half of July, the króna depreciated in August and the first days of September.


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News and Notifications - 05 September 2019 01:15 PM

Overview of the Icelandic FX market

After appreciating in the second half of July, the króna depreciated in August and the first days of September. Turnover in the foreign exchange market in August was similar to that in July. The CBI did not intervene in the market in August.


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