Arion Bank published financial results for 2018. Íslandsbanki published financial results for 2018 as well as an Annual Report and Pillar 3 Report. The Government debt Management Agency published its monthly Market Information report. Landsbankinn issued bonds in NOK and SEK.
The MPC held policy rates unchanged at 4.5%. The Central Bank of Iceland revised its economic growth forecast for this year from 2.7% to 1.8%. Unemployment in Q4 of 2018 was 2.4%. Landsbankinn published Q4 results.
The consumer price index decreased by 0.41% MoM in January, mainly due to seasonal sales. The headline number decreased from 3.7% to 3.4%. Statistics Iceland published revised numbers for trade in goods 2018. The CBI published its quarterly market expectations survey. The population of Iceland increased by 1,420 in Q4 2018.
The MPC’s report to parliament was published on the CBI’s website. Statistics Iceland estimates that unemployment was 1.4% in December. The wage index in December was unchanged between months.
Just before Christmas, the króna began to appreciate. The CBI then intervened and bought EUR 3m (4.1bn) on 21 December. The appreciation reversed earlier this month. The CBI sold EUR 33m (ISK 12.3bn) in four days against the depreciation. The CBI sold net EUR 30m, which is about 0.5% of the foreign exchange reserves.
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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
