The Central Bank of Iceland has increased its key interest rate by 0.25 percentage points to 8%, drawing criticism from economists and contractors who describe the economic management as incompetent and the interest rate system as a vicious cycle.

The Federation of Icelandic Industries advocates for the Central Bank of Iceland to maintain unchanged policy rates, with its CEO stating that controlling economic affairs is the government's biggest task this winter, following two rate hikes this year.

Ásgeir Jónsson, Governor of the Central Bank of Iceland and author, recounts the story of German-American inventor and millionaire Georg Schrader, who resided in Akureyri, Iceland, and whose fate ended with a gunshot and disappearance into the sea.

The municipal council of Árborg, Iceland, has approved a 2027 budget that will limit general fee increases to 2.5%, aligning with the Central Bank of Iceland's inflation target to counter rising prices.

Ásgeir Jónsson, Governor of the Central Bank of Iceland, stated that Icelanders will retain responsibility for their economy regardless of whether the nation adopts the euro, emphasizing that currency choice is just one economic tool.

The Reykjavík Economic Conference, organized by the Central Bank of Iceland and Northwestern University, commenced today in Harpa, featuring leading figures in the field of economics.

Sólveig Anna Jónsdóttir, the head of the Icelandic trade union Efling, has stated that it is currently difficult to see a positive outlook. She also voiced criticism regarding the methodology employed by the Central Bank of Iceland.

Bolli Héðinsson, Chairman of the Central Bank of Iceland's board, has asked commercial banks whether savings from staff reductions have translated into lower fees or higher deposit rates for consumers.

The Governor of the Central Bank of Iceland states that when discussing non-indexed housing loans, the underlying message is that Icelanders desire predictability regarding their housing finances.

Ásgeir Jónsson, Governor of the Central Bank of Iceland, stated that it was difficult to raise interest rates and that further increases are very possible, following a recent 0.25 percentage point hike to 7.5%.

Iceland's central bank has raised its key interest rate to 7.5% for the first time since 2023, citing continued inflation. This decision has prompted concern and calls for action from parties in the Icelandic labor market, highlighting a difficult economic situation.

Ásgeir Jónsson, Governor of the Central Bank of Iceland, believes the government's proposed wage index bill will not help the current situation in public finances.

Íslandsbanki's analysis department predicts that the Central Bank of Iceland will raise key interest rates by 0.25 percentage points at its next monetary policy committee meeting on March 18.

The Central Bank of Iceland fears that a bill proposed by the Minister of Social Affairs, which aims to link social security benefits to the wage index, could negatively impact state finances, reduce work incentives, and cause labor market instability.

Iceland's three largest commercial banks predict that the Central Bank of Iceland's monetary policy committee will raise interest rates by 0.25 percentage points to 8%.

Íslandsbanki anticipates that the Central Bank of Iceland will raise its key interest rate by 0.25 percentage points on August 19, which would bring the seven-day term-deposit rate to 8%.

The Central Bank of Iceland raised significant objections to a recent draft currency report prepared for the Minister of Finance, noting that the committee appeared to have given little consideration to their comments.

Jón Helgi Egilsson, former chairman of the Central Bank of Iceland's board, refutes claims that Icelanders pay significantly higher housing prices than Eurozone residents due to interest costs.

Iceland has once again been declared the most expensive country in the world, with living costs exceeding those in Switzerland, according to data from Eurostat and the Central Bank of Iceland.

Members of the Central Bank of Iceland's Monetary Policy Committee indicate they would likely respond with increased monetary tightening if inflation rises in the autumn, as the bank's baseline forecast predicts.

New figures from the Central Bank of Iceland indicate a broad decline in card spending by Icelandic consumers, suggesting a slowdown in private consumption.

The Central Bank of Iceland is holding its annual meeting at its headquarters in Reykjavík, with Kristrún, Ásgeir, and Bolli scheduled to address the attendees.

The Central Bank of Iceland has called a press conference to elaborate on a statement issued by the bank's Financial Stability Committee.

The Central Bank of Iceland increased its key interest rates by 0.25 percentage points to 7.5 percent, with inflation currently at 5.2 percent, potentially jeopardizing autumn wage agreements.

The Central Bank of Iceland has raised key interest rates to 7.5%, a move described as a natural step but not good news by Finance Minister Daði Már Kristófersson. Central Bank governors Ásgeir Jónsson and Þórarinn G. Pétursson further emphasized the need for the state to reduce its own demand following the decision.

The Monetary Policy Committee of the Central Bank of Iceland has decided to increase the bank's key interest rates by 0.25 percentage points.

The Central Bank of Iceland has expressed serious concerns, though the specific nature of these concerns is not detailed in the report.

The Federation of Icelandic Industries (SI) believes the Monetary Policy Committee of the Central Bank of Iceland should keep policy rates unchanged when the next interest rate decision is announced on August 19, as the economy cools rapidly and defaults rise.

Analysts at Íslandsbanki predict that the Monetary Policy Committee of the Central Bank of Iceland will raise key interest rates by 0.25 percentage points next Wednesday, bringing them to 8%.

The Governor of the Central Bank of Iceland believes the public is generally unaware of the available resources for real estate purchases, suggesting more pathways into the housing market.

The Financial Stability Committee of the Central Bank of Iceland has expressed significant concern over the growing debt and increasing, though still relatively low, defaults among companies in the construction sector.

Despite worsening inflation forecasts from the Central Bank of Iceland, its Monetary Policy Committee's latest statement struck a milder tone, leaving economists struggling to interpret the situation.

The Central Bank of Iceland has increased its policy interest rates by 0.25 percentage points, bringing the main rate to 7.75%. This decision aims to combat persistent inflation in the country.

The Icelandic Supreme Court has rejected Síminn's request for an appeal permit in a case against the Central Bank of Iceland and the Icelandic state, concerning an administrative fine imposed in 2021 for violations of securities trading laws.

The municipality of Kópavogur in Iceland has approved a proposal to limit fee increases for families with children to the Central Bank of Iceland's 2.5% inflation target for 2026.

Pétur Marteinn Páll Urbancic, a former employee of the Central Bank of Iceland, musician, guide, and certified document translator, passed away on March 21st at the age of 94, with an obituary published in Morgunblaðið.

Iceland's Court of Appeal has dismissed Thorsteinn Már Baldvinsson's appeal in his case against the Central Bank of Iceland, where he sought to compel Governor Ásgeir Jónsson to testify.

It is considered normal for the Monetary Policy Committee of the Central Bank of Iceland to have differing opinions, especially as uncertainty has increased.

The Monetary Policy Committee of the Central Bank of Iceland is set to announce its decision tomorrow, with experts divided on whether interest rates will be raised or kept unchanged, potentially impacting wage agreements.

The Central Bank of Iceland has raised serious objections to a proposed bill that aims to link compensation payments to the wage index, as detailed in a memo sent to the Alþingi Welfare Committee.