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- Economic Forecast

Overview of the Icelandic FX market

The ISK depreciated slightly in October. At the end of the month, the euro stood at ISK 138.0, compared with 135.0 at the end of September. Turnover in the interbank foreign exchange market decreased MoM in October. Turnover was EUR 69m (ISK 9.5bn), the lowest within one month since May 2018. The CBI did not intervene in the interbank market in October.

Icelandic FX market (PDF)


News and Notifications - 15 November 2019 08:21 AM

Landsbankinn changes interest rates

Fixed rates on non-indexed 36-month housing loans decrease by 0.20 percentage points (pp) and fixed rates on non-indexed 60-month housing loans remain unchanged. Variable rates on non-indexed housing loans decrease by 0.15 pp and other variable rates on non-indexed loans decrease by 0.10-0.25 pp in general.


News and Notifications - 06 November 2019 09:24 AM

Payment with Garmin Pay and Fitbit Pay

Landsbankinn card holders can now link their payment cards to Garmin Pay and Fitbit Pay. Garmin and Fitbit watches that incorporate near field communication technology (NFC chips) can be used to pay in all contactless card readers throughout the world.


Weekly bulletin - 11 November 2019 08:58 AM

Icelandic Economic Weekly: Monday 11 November 2019

The MPC lowered policy rates by 0.25 percentage points. Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin. Moody's upgraded Iceland's sovereign credit ratings. The ISK depreciated slightly in October. Icelandair released traffic data for October. The population of Iceland increased slightly in Q3.