The MPC held policy rates unchanged. Arion Bank’s IPO ended this week. Statistics Iceland published Iceland in figures 2018.
The Icelandic economy grew by 6.6% YoY in Q1 2018. The current account surplus was ISK 0.3 bn in Q1 2018. The real exchange rate depreciated by 1.6% MoM in May. S&P and Fitch both affirms Iceland’s credit rating.
The CPI unexpectedly decreased by 0.09%, bringing the headline number to 2.0%. Statistics Iceland released the balance of trade in services for Q1 and the balance of trade in goods and services.
Landsvirkjun published Q1 accounts. Unemployment was 4.5% in April. The fertility rate in Iceland was 1.71 last year.
Arion bank announced its intention to launch an initial public offering and to list on Nasdaq Iceland and Stockholm. The Monetary Policy Committee held policy rates unchanged in line with expectations.
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