Iceland’s key interest rate has risen to 8% as the Central Bank tries to cool inflation. That means “people” need to spend less. But who exactly are those people—and what happens when they do? “Here we go again.” That was Melkorka Sigríður Magnúsdóttir’s reaction when she heard that interest rates were going up again. Melkorka [...]… The post In Focus | Interest Rates Rise Again! “People” Need to Spend Less appeared first on Iceland Review.