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Iceland  

Iceland INTEREST RATES

Interest rates fall in Iceland

Iceland has lowered its interest rates by 0.50 percentage points, from 5.75% to an annual rate of 5.25%.

The key rates a tool used by Central Banks to implement monetary policy.

A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.

This change is the first to have taken place since on November4th 2015, when the Central Bank lowered interest rates by 0.50 percentage points to 5.75%.

Here we show you the progression of interest rates in Iceland. You can see interest rates in other countries in interest rates and see all the economic information about Iceland in Iceland economy.

Iceland - Key rates
DateKey rates
08/24/20165.25%
11/04/20155.75%
08/19/20155.50%
06/10/20155.00%
12/10/20144.50%
11/05/20145.00%
05/21/20145.25%
06/13/20125.75%
05/16/20125.50%
03/21/20125.00%
11/02/20114.75%
08/17/20114.50%
02/02/20114.25%
12/08/20104.50%
11/03/20105.50%
09/22/20106.25%
08/18/20107.00%
06/23/20108.00%
05/05/20108.50%
03/17/20109.00%
01/27/20109.50%
12/10/200910.00%
11/05/200911.00%
06/04/200912.00%
05/07/200913.00%
04/08/200915.50%
03/19/200917.00%
10/28/200818.00%
10/15/200812.00%
04/10/200815.50%
03/25/200815.00%
11/01/200713.75%
06/21/200713.30%
Iceland - Key rates