2. June 2020
The Icelandic economy contracted by 1.2% year-on-year in Q1.
The CPI based on prices in May increased by 0.54% MoM, bringing the headline number to 2.6%.
The trade balance and the current account balance were both slightly positive in Q1.
The Treasury issued bonds in euros.
On Wednesday, the CBI will release the minutes of the MPC's meeting on the policy rate decision May 20.
Markets 2 June 2020
Macro Overview 2 June 2020
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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