Alarm bells rang as the central bank governor began to respond

It was not without difficulty that he got an answer from Central Bank Governor Ásgeir Jónsson when Erna Björg Sverrisdóttir of Arion Bank asked him how long the Icelandic economy could tolerate high real interest rates in light of uncertainty in international affairs. Ásgeir had barely managed to say that this question was relatively easy to answer when he was interrupted. The fire alarm system in the Museum Building on Hverfisgata in Reykjavík …