Arion Bank Economist Warns of Difficult Year Ahead for Icelandic Economy

Higher interest rates and persistent inflation are expected to place further pressure on Icelandic households and businesses in the months ahead, according to the chief economist of Arion Bank. As reported by RÚV, the warning follows the Central Bank of Iceland decision to raise the policy interest rate by 0.25 percentage points to 7.75 percent.… The post Arion Bank Economist Warns of Difficult Year Ahead for Icelandic Economy appeared first on Iceland Review.

By Michael Chapman