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- Weekly bulletin

Icelandic Economic Weekly: Monday 2 September 2019

Last week's highlights

The MPC lowered policy rates by 0.25 percentage points.

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

GDP increased by 1.4% YoY in Q2.

The CPI increased by 0.28% MoM in August, bringing the headline number to 3.2%.

The surplus of trade in goods and services in Q2 was ISK 9.4bn.

The surplus of trade in services in Q2 was ISK 52.1bn.

The week ahead

Today the CBI will publish the balance of payments, international investment position and external debt for Q2.

On Wednesday, the Icelandic Tourist Board will publish departures of foreign passengers from Iceland through Keflavík International Airport for August.

Markets 2 September 2019

Macro Overview 2 September 2019