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Icelandic Central Bank Raises Key Interest Rate to 8%, Drawing Criticism

The Central Bank of Iceland increased its key interest rate by 0.25 percentage points to 8%, a decision that has been met with strong criticism from economists and contractors who describe the interest rate system as a 'vicious cycle' and 'complete madness'.

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First report: ruv · 19 Aug, 10:52Full coverage: 2 · 9hWindow: 9h
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