22.07.2019 09:52

Icelandic Economic Weekly: Monday 22 July 2019

Last week's highlights

The Icelandic Tourist Board published its monthly Tourism in figures report.

The housing price index for the capital region increased 0.2% MoM in June, bringing the YoY increase to 3.2%.

The week ahead

Statistics Iceland will release the CPI for July today. We expect a 0.1% MoM decrease (+3.2% YoY) mainly due to summer sales.

Marel (Wednesday) and Landsbankinn (Thursday) will publish 6M results.

Markets 22 July 2019

Macro Overview 22 July 2019


Overview of the Icelandic FX market

In April, the Icelandic króna (ISK) depreciated slightly against the currencies of all main trading partners, except for the Swedish krona. The Central Bank did not intervene in the market in April. The Bank's last intervention was when WOW air ceased operations on 28 March, when it sold 6 million euros (ISK 0.8bn).

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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

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