More Pay, More Problems for Icelandic Borrowers

Landsbankinn economists expect Iceland’s Central Bank to raise interest rates on August 19 as inflation remains stubbornly high, while labour leaders warn that another increase could make it harder to preserve current wage agreements. Landsbankinn Economic Research expects the Central Bank of Iceland to raise its key interest rate from the current 7.75% at its [...]… The post More Pay, More Problems for Icelandic Borrowers appeared first on Iceland Review.

By Iceland Review