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New macroeconomic research: Growth period over for now - policy rate cuts on the horizon

After a period of continuous economic growth since 2011, a turning point has been reached in the economic cycle. Following shocks in the fishing and tourism sectors, the outlook is for economic contraction this year. This contraction will be slight and short-lived.

Despite above trend growth in the past several years, the economy is much better balanced and more robust than at the end of previous expansion periods in Iceland.

A combination of relatively high policy rates and strong Treasury position enable firm application of policy instruments to soften the impact of contraction and lay the groundwork for sustainable development as early as next year.

Read the economic forecast for 2019-2021

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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