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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 - 24 June 2019 07:44 AM

Icelandic Economic Weekly: Monday 24 June 2019

The Icelandic Tourist Board published its monthly tourism in figures report. Íslandsbanki issued a SEK-denominated bond.


Macro note - 20 June 2019 10:22 AM

Macro note: 1.7% GDP growth in Q1

In real terms, the economy grew by 1.7% YOY in Q1. Domestic demand decreased by 2.8%, exports increased by 2.6% and imports decreased by 8.1.


Weekly bulletin - 18 June 2019 09:57 AM

Icelandic Economic Weekly: Tuesday 18 June 2019

The Republic of Iceland issued a new Eurobond. The Government Debt Management Agency published its monthly Market Information report. Registered unemployment was 3.6% in May.