Central Bank of Iceland Raises Interest Rates to 7.5%; Labor Market Reacts

The Central Bank of Iceland has raised its key interest rate to 7.5%, marking the first such increase since 2023, due to persistent inflation. This move has generated concern and calls for action from stakeholders within the Icelandic labor market, underscoring a challenging economic climate.

19 Mar, 09:30 — 19 Mar, 09:30

Post Share

Sources

Showing 1 of 2 sources

iceland-reviewMostly Factual165d ago

Central Bank of Iceland Raises Interest Rates to 7.5%

Iceland’s central bank has increased its key interest rate for the first time since 2023, citing continued inflation and rising expectations. As reported by RÚV, the Monetary Policy Committee of the Central Bank of Iceland raised the policy rate by 0.25 percentage points yesterday, bringing it to 7.5%. What’s the Story? Policy rate raised by… The post Central Bank of Iceland Raises Interest Rates to 7.5% appeared first on Iceland Review.

By Michael Chapman

Read full article →

Coverage Timeline

First report: morgunbladid · 19 Mar, 06:00|Full coverage: 2 · 4h|Window: 4h

Left-leaningCenterRight-leaning

morgunbladid19 Mar, 06:00First to report

Staðan erfið og aðgerða þörf

4h later

iceland-review19 Mar, 09:30Latest update

Central Bank of Iceland Raises Interest Rates to 7.5%; Labor Market Reacts

Sources

Central Bank of Iceland Raises Interest Rates to 7.5%

Coverage Timeline

Staðan erfið og aðgerða þörf

Central Bank of Iceland Raises Interest Rates to 7.5%

Related Stories

South Korea Reports Record Export Surge in August Driven by Chip Demand

Anthropic Secures $35 Billion Cloud Computing Deal With Nvidia-Backed Lambda

Nigeria Reports 4.43 Percent Economic Growth in Second Quarter

Hyundai Motor South Korean Union Approves New Wage Deal