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28.08.2017 10:40

Icelandic Economic Weekly: Monday 28 August 2017

Last week's highlights

The Monetary Policy Committee of the Central Bank of Iceland kept the Bank´s key interest rate unchanged at 4.5%.

Statistics Iceland released its July Labour Force Survey. The unemployment rate was 1%.

The week ahead

Statistics Iceland is set to publish the consumer price index for August on Wednesday. We expect the CPI to increase by 0.6% MoM.

Markets 28 August 2017

Macro Overview 28 August 2017

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Overview of the Icelandic FX market

At the end of day on 24 October, the euro stood at ISK 124.2. The euro has hovered around ISK 125 since the first half of August. Since the beginning of this year, the euro has risen by 4.3%. There have been but negligible changes to the USD exchange rate since the latter part of June and the USD has cost around ISK 105 since then. Since the beginning of this year, the USD has fallen by 6.7%.

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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