The CBI published its biannual Financial Stability report. The GDM published its monthly Market Information report.
The Ministry of Finance and Economic Affairs released a fiscal plan for 2019-2023. The CBI published its annual report.
The CPI increased by 0.56% between months in March, bringing the headline number to 2.8%. This is the first time since January 2014 that inflation is over the CBI’s 2.5% target. Moody’s upgraded Landsvirkjun’s credit rating. The Icelandic population grew by 3% last year. The total value of Icelandic catch decreased by 17.3% between years in 2017.
The Monetary Policy Committee held policy rates unchanged, in line with our expectations. Concurrent with the interest rate decision, Governor Már Guðmundsson gave a statement on the special reserve requirement on capital inflows. The CBI released updated data on foreign direct investment.
GDP increased by 1.5% YoY in Q4 2017 and 3.6% for the FY 2017. Landsvirkjun issued an USD 200m green bond. We expect the Monetary Policy Committee to hold policy rates unchanged on Wednesday.
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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
