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Icelandic Economic Weekly: Monday 24 February 2020

Last week's highlights

According to the minutes of the last meeting of the MPC, one of two external members voted against the Governor's proposal to lower interest rates by 0.25 percentage points, preferring to keep interest rates unchanged.

Arion Bank issued USD-denominated Additional Tier 1 bonds.

The housing price index for the capital region increased by 0.5% MoM in January, bringing the YoY increase to 2.5%.

Statistics Iceland released tourism short-term indicators.

The week ahead

On Wednesday, Statistics Iceland will release preliminary figures for external trade in goods and services for Q4 2019.

On Thursday, Statistics Iceland will release CPI numbers for February. We expect a 0.4% increase between months, mainly due to the end of sales in furniture & furnishings, and clothing & footwear.

On Friday, Statistics Iceland will release provisional estimates for national accounts 2019.

Facts and figures

Markets 24 February 2020

Macro Overview 24 February 2020