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In June the Central Bank of Iceland cut the main policy rate-the rate on seven-day term deposits-by 25 basis points, to 4.5%. This was the fourth rate cut since November [...]

In 2016 Iceland's government budget received a large one-off boost from 'stability contributions' paid by creditors of Iceland's failed banks to smooth the capital-account liberalisation process. This produced a substantial [...]

The collapse of the new coalition government has increased uncertainty around Iceland's policy agenda. The coalition's policy focus was on measures to develop the education system, improve access to healthcare [...]

Although its strong economic growth trajectory has temporarily slowed due to the COVID-19 pandemic, Iceland nevertheless remains favorably positioned for the waves of international spending and investment forecast for the [...]

The krona appreciated strongly against both the euro and the US dollar in 2016, largely reflecting a more accommodative monetary policy stance from the ECB and expectations of a much [...]

Under the IP-PP coalition, economic policy has been more liberal than under the previous, left-wing, coalition. To boost the fishing and whaling industries, the government revised the law on fishing [...]

In 2015 the krona weakened significantly against the US dollar, but appreciated against the euro as the European Central Bank (ECB) committed to a more accom-modative policy stance. Divergent monetary [...]

In response to rising inflation, the Central Bank resumed its tightening cycle last year, with 50-basis-point increases in the policy rate in both June and August, followed by a 25-basis-point [...]

A multi-year fiscal consolidation programme has reduced the deficit from the equivalent of 13.1% of GDP in 2008 to 0.1% of GDP in 2014. One-off discretionary items-such as dividends from [...]

Under the IP-PP coalition, economic policy will continue to be more liberal than under the previous, left-wing coalition. To boost the fishing and whaling industries, the new government revised the [...]

Under the IP-PP coalition, economic policy will continue to be more liberal than under the previous, left-wing coalition. Apart from ending the previous coalition's EU membership bid, policy will focus [...]

The Central Bank began a new tightening cycle in August 2011. It has since raised its policy interest rate six times, most recently in November 2012, taking the seven-day collateral [...]

After recording large surpluses of more than 5% of GDP in 2006-07, the public finances deteriorated massively in 2008-10. The general government accounts showed a deficit of 13.5% of GDP [...]

The Central Bank began a new tightening cycle in August 2011. It has since raised its policy interest rates six times, most recently in November 2012, taking the seven-day collateral [...]

After recording large surpluses of more than 5% of GDP in 2006-07, the public finances deteriorated massively in 2008-10. The general government accounts showed a deficit of 13.5% of GDP [...]

Even after the April general election, policy should continue to be driven by the need to stabilise the economy, rebuild the banking system after the collapse of the three main [...]

The central bank began a new tightening cycle in August 2011. It raised its policy interest rates again in November 2011, March 2012, May 2012 and June 2012, taking the [...]

After recording large surpluses, of over 5% of GDP in 2006-07, the public finances deteriorated massively in 2008-10. The general government accounts showed a deficit of 13.5% of GDP in [...]

Policy should continue to be driven by the need to stabilise the economy, rebuild the banking system after the collapse of the three main commercial banks and the currency in [...]

A rival to the euro NATURALLY enough, Canadians are thrilled whenever foreigners single out their country for positive attention--especially when the praise raises it above the behemoth to the south. [...]

The public finances suffered a massive deterioration in 2008-09. The general government accounts showed a deficit of 10% of GDP in 2009 and 7.8% in 2010, after large surpluses of [...]

On August 18th the Central Bank for the first time raised its policy interest rates. The seven-day collateral lending rate was increased from 4.25% to 4.5%, following 15 consecutive reductions, [...]

In the near term, policy should continue to be driven by the need to stabilise the economy, rebuild the banking system after the collapse of Iceland's three main commercial banks [...]

The Iceland saga is a harbinger of crises to come THERE are many ways to decide whether to repay your debts but a national referendum is surely a first. That [...]

Policy in the immediate future will continue to be driven by the need to stabilise the economy and restructure the banking system, after the dramatic collapse of confidence in both [...]

A massive deterioration in the public finances is taking place in 2009, when we expect the general government accounts to show a deficit of 13.4% of GDP, following large surpluses [...]

The IMF insisted that the Central Bank of Iceland raise its policy interest rate from 12% to 18% in late October 2008, so that it was then above the inflation [...]

Major structural reforms took place before and after Iceland joined the European Economic Area (EEA) in 1994, which integrated Iceland and other European Free Trade Association (EFTA) members into the [...]

Economic reforms In response to low growth rates between the early 1980s and the early 1990s, the Icelandic government initiated extensive structural reforms and a reassessment of the economic policies [...]