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- Weekly bulletin

Icelandic Economic Weekly: Monday 18 May 2020

Last week's highlights

The CBI published the results of its survey of market expectations.

S&P Global Ratings Affirmed Iceland´s ratings at 'A/A-1'.

The CBI and credit institutions signed agreements on bridge loans.

The Government Debt Management Agency published its monthly Market Information report.

Registered unemployment was 17.8% in April, 10.3pp of that figure due to part-time claims.

The week ahead

We expect the MPC to lower policy rates 1.0% on Wednesday.

Concurrent with the interest rate decision, the CBI will publish its quarterly Monetary Bulletin.

On Tuesday, Registers Iceland will publish the housing price index for the capital region.

Facts and figures

Markets 18 May 2020

Macro Overview 18 May 2020

Forsíða - 30 June 2020 01:16 PM

Calculation of financial income tax on currency gains withheld at source

It is quite common to invest part of savings in accounts in foreign currencies. When the Icelandic króna (ISK) depreciates, currency gains accrue to these accounts and the Bank is obligated to withhold a 22% financial income tax on such gains.


Weekly bulletin - 29 June 2020 09:56 AM

Icelandic Economic Weekly: Monday 29 June 2020

The CPI based on prices in June increased by 0.44% MoM. Statistics Iceland expects the GDP to decrease by 8.4% in 2020. Unemployment in May was 9.9%, according to Statistics Iceland's labour force survey. The CBI released its quarterly Economic Indicators.


Forsíða - 23 June 2020 12:37 PM

Applications for Landsbankinn's Reykjavík Culture Night fund now open

This year, Reykjavík Culture Night will be celebrated in a different form to avoid overly large gatherings, in accordance with Covid-19 guidelines from the Civil Protection Authorities. The festival will take place over a 10-day period, 13-23 August.