Regulatory Alerts2026-08-19
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Statement of the Monetary Policy Committee August 19th 2026
The Monetary Policy Committee of the Central Bank of Iceland has decided to raise the Bank’s key interest rate by 0.25 percentage points, setting the rate on seven-day term deposits at 8.00%. Four Committee members voted in favour of the decision, while one voted to keep rates unchanged. The decision was made in light of inflation exceeding 5% in 2026 and high inflation expectations, with the Committee considering the increase appropriate to ensure sufficient monetary restraint.
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