Interest Rates Are Falling at Íslandsbanki

samstodin.is

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Íslandsbanki has cut interest rates and inflation has fallen by 0.4 percent. Statistics Iceland says that the inflation spike in April has receded and it is clear that the bank experts who believed that the Central Bank did not cut interest rates when the decision was made last time were wrong. Covid triggered inflation, which peaked at 10.2 percent. Icelanders have been experiencing interest rates for some time now, but there is increasing hope…

Vísir

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Íslandsbanki has lowered interest rates on loans and deposits, and the changes will take effect on June 3rd. The decision follows the Central Bank's policy rate cut of 0.25 percent on May 21st.

RÚV

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Íslandsbanki Research believes that there is likely to be room for further policy rate cuts this year. The bank's new economic forecast therefore predicts that the policy rate will be 7.0% by year-end, compared to 7.5% today. The bank predicts that interest rates could fall further before the end of the year if clear signs of a slowdown in the economy emerge. The Central Bank's last policy rate decision was last week. Then, interest rates were l…