Iceland Interest Rate  1998-2018 | Data | Chart | Calendar | Forecast

The Central Bank of Iceland held its key seven-day deposit rate at 4.25 percent on June 13th, 2018, reinforcing that a tight monetary stance is still needed in order to contain rapid domestic demand growth and restrain underlying pressures in the labour market. Policymakers added that, although inflation declined to 2 percent in May, it remains close to the central bank’s 2-½% target in recent months. Also, policymakers expect GDP growth to ease in 2018 due to weaker exports and a slowdown in domestic demand. Interest Rate in Iceland averaged 7.73 percent from 1998 until 2018, reaching an all time high of 18 percent in October of 2008 and a record low of 4.25 percent in February of 2011.

Iceland Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-14 08:55 AM CBI Interest Rate Decision 4.25% 4.25% 4.25%
2018-05-16 08:55 AM CBI Interest Rate Decision 4.25% 4.25% 4.25%
2018-06-13 08:55 AM CBI Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2018-08-29 08:55 AM CBI Interest Rate Decision 4.25% 4%
2018-08-29 09:00 AM Monetary Bulletin
2018-10-03 08:55 AM CBI Interest Rate Decision 4%


Iceland Money Last Previous Highest Lowest Unit
Interest Rate 4.25 4.25 18.00 4.25 percent [+]
Interbank Rate 4.45 4.45 18.47 3.88 percent [+]
Money Supply M0 128.52 118.14 173.88 11.05 ISK Billion [+]
Money Supply M1 500.84 504.93 516.36 8.88 ISK Billion [+]
Money Supply M2 1084.40 1079.63 1106.13 0.06 ISK Billion [+]
Money Supply M3 1762.35 1756.07 1849.94 0.03 ISK Billion [+]
Banks Balance Sheet 3525918.00 3493029.00 14896283.00 257400.00 ISK Million [+]
Foreign Exchange Reserves 681982.41 678379.50 1110305.98 610.00 ISK Million [+]
Private Debt to GDP 314.90 336.70 400.80 272.80 percent [+]
Central Bank Balance Sheet 726467.00 707934.00 1638738.00 57829.00 ISK Million [+]


Iceland Interest Rate

In Iceland, the benchmark interest rate is set by the board of Governors of the Central Bank of Iceland (Seðlabanki Íslands). The main interest rate is the seven-day term deposit rate since May 2014. Previously the Bank’s key rate was the rate on its collateralised loans to financial institutions, but in the wake of the crisis the interest rate on the Bank’s deposits had greater influence on money market, as demand for Central Bank loans had been limited. Therefore the Bank’s key interest rate is the rate on seven-day term deposits. This page provides - Iceland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.25 4.25 18.00 4.25 1998 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 17.75 Jun/18
Mexico 7.75 Jun/18
Russia 7.25 Jun/18
Brazil 6.50 Jun/18
India 6.25 Jun/18
Indonesia 5.25 Jun/18
China 4.35 Jun/18
United States 2.00 Jun/18
Australia 1.50 Jul/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.50 Jul/18
Euro Area 0.00 Jun/18
France 0.00 Jun/18
Germany 0.00 Jun/18
Italy 0.00 Jun/18
Netherlands 0.00 Jun/18
Spain 0.00 Jun/18
Japan -0.10 Jun/18
Switzerland -0.75 Jun/18


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