The Central Bank of Iceland raised its key interest rate by 25bps for a third consecutive meeting to 1.5 percent in October, amid high and persistent inflationary pressures. Signs of warning came specially from inflation expectations that seem to be rising again, although policymakers believe that it is too soon to state if they are becoming less anchored to the inflation target. The Committee also added that indicators show a strong domestic recovery in the third quarter, while the annual growth outlook remained unchanged. source: Central Bank of Iceland
Interest Rate in Iceland averaged 6.77 percent from 1998 until 2021, reaching an all time high of 18 percent in October of 2008 and a record low of 0.75 percent in November of 2020. This page provides - Iceland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Interest Rate in Iceland is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Interest Rate is projected to trend around 2.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.