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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 - 14 October 2019 10:00 AM

Icelandic Economic Weekly: Monday 14 October 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.


News and Notifications - 11 October 2019 08:49 AM

Interest rate changes at Landsbankinn

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.


Weekly bulletin - 07 October 2019 08:50 AM

Icelandic Economic Weekly: Monday 7 October 2019

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%.