News and notifications

- Macroeconomic

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 - 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%.