News and notifications

- Weekly bulletin

Icelandic Economic Weekly: Monday 27 May 2019

Last week's highlights

The MPC decided to lower policy rates by 0.5 percentage points. We had expected a 0.25 pp change now and another 0.25 pp in June.

Concurrent with the policy rate decision, the bank released its quarterly Monetary Bulletin.

Moody’s and Fitch published credit opinions on Iceland.

Landsvirkjun released results for Q1

Marel announced its intention to float on Euronext Amsterdam in Q2 2019.

Icelandair made changes to its flight schedule as it is expected that the suspension of Boeing 737 MAX aircraft will last longer than earlier anticipated

The Icelandic tourist board released its monthly Tourism in Iceland Figures.

Landsbankinn tapped capital markets for NOK 300m and SEK 600m.

The week ahead

On Tuesday, Statistics Iceland will release CPI numbers for May. We expect a 0.1% increase between months and for headline inflation to be 3.4% y/y.

On Friday, Statistics Iceland will release National Accounts for Q1.

Markets 27 May 2019

Macro Overview 27 May 2019