Icelandair concluded its public offering. Registered unemployment was 9.4% in August. Of that figure, 0.9pp is due to part-time claims. The housing price index for the capital region increased by 0.8% MoM, bringing the YoY change to 5.2%.

Icelandair Group published a prospectus for its upcoming share offering. The CBI decided to begin regular sales of foreign currency on the Icelandic interbank market. Icelandair released traffic data for August.

The Icelandic economy contracted by 9.3% year-on-year in Q2. The current account surplus was ISK 7bn in Q2. The ISK depreciated by 2.5% against the EUR in August. Icelandair reached an Underwriting Agreement with Íslandsbanki and Landsbankinn.

The ISK depreciated by 2.5% against the EUR and 1.1% against the USD in August. Turnover in the interbank foreign exchange market was ISK 32.5bn (EUR 200m) in June.

The MPC held policy rates unchanged. Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin.The CPI based on prices in August increased by 0.46% MoM making headline inflation 3.2%.VAT turnover decreased YoY in most sectors May-June.The trade balance was negative in Q2.