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Icelandic Economic Weekly: Monday 16 March 2020

The MPC lowered the Bank’s interest rates by 0.50 percentage points to mitigate economic impact of COVID-19 virus. The committee also decided to lower reserve requirements on deposit institutions to ease the liquidity position of the banking system. The number of foreign passenger from Iceland via Keflavik airport decreased by 11% YoY in February. Registered unemployment was 5.0% in Febuary, a YoY increase of 1.9 percentage points.

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The contents published here were produced by employees of Landsbankinn Economic Research and are based on information available to the public when the analysis was compiled. Assessment of this information reflects the views of Economic Research’s employees on the analysis date, which may change without notice. | Full disclaimer

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for 2019-2022

Moderate economic growth in coming years