04.09.2017 10:30

Icelandic Economic Weekly: Monday 4 September 2017

Last week's highlights

The CPI based on August prices increased by 0.25% MoM bringing the headline number to 1.7%.

The surplus of trade in services was ISK 60.5 bn in Q2, bringing the total surplus of trade in goods and services to ISK 14.7 bn.

The Central Bank’s Chief Economist’s recent presentation on the financial crisis and the recovery in Iceland is now available.

The week ahead

Later today the CBI is set to release the balance of payments for Q2.

On Wednesday the CBI will release the minutes of the MPC’s last meeting.

Friday morning Statistics Iceland will release the national accounts for Q2.

Markets 4 September 2017

Macro Overview 4 September 2017


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