- Sedlabanki kept its 7-day term deposit rate at 8.0% on Wednesday, in line with forecasts from Islandsbanki hf and Landsbankinn hf.
- The central bank had raised interest rates by a quarter point in each of the three prior meetings.
- Policymakers unanimously agreed to hold as the economy shows signs of cooling despite persistent inflation.
Quotes
“Iceland’s central bank held borrowing costs steady, capping a seven-month tightening phase”