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Icelandic Economic Weekly: Monday 23 March 2020

Last week's highlights

The Icelandic Government announced a response package to the COVID-19 crisis.

The Financial Stability Committee and the Monetary Policy Committee of the Central Bank met to decide on mitigating measures in response to the COVID-19 pandemic.

The Government Debt Management agency announced that in light of the events of recent weeks, it is foreseeable that the Treasury's financial need will increase significantly from previous forecasts.

The housing price index for the capital region increased by 0.5% MoM in February, bringing the YoY increase to 4.1%.

The population of Iceland numbered 374,000 at the beginning of the year, a 2.0% increase YoY.

Landsvirkjun issued SDG-linked notes in a US private placement.

The week ahead

On Friday, Statistics Iceland will release CPI numbers for March. We expect a 0.3% increase between months and for the headline inflation to decrease from 2.4% to 2.2%.

Also on Friday, the CBI will release its quarterly Economic Indicators report.

Facts and figures

Markets 23 March 2020

Macro Overview 23 March 2020