Central Bank Announces Fourth Consecutive Rate Cut

Central Bank Announces Fourth Consecutive Rate Cut

The Central Bank of Iceland’s Monetary Policy Committee has unanimously lowered interest rates by 0.25 percentage points to 7.75%, marking the fourth consecutive rate cut. While inflation has declined to its lowest level in four years, the committee has emphasised the need for continued monetary restraint due to persistent inflationary pressures and global economic uncertainty. […] The post Central Bank Announces Fourth Consecutive Rate Cut appeared first on Iceland Review.

News