Icelandic Economic Weekly: Monday 25 May 2020
Last week's highlights
The MPC lowered policy rates by 0.75 percentage points.
Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin.
Fitch revised Iceland's Outlook to Negative.
The week ahead
On Wednesday, Statistics Iceland will release trade in goods and services numbers for Q1.
On Thursday, Statistics Iceland will release CPI numbers for May. We expect a 0.4% increase between months and for the headline inflation to increase from 2.2% to 2.4%.
On Friday, Statistics Iceland will publish national accounts for Q1. The CBI will publish balance of payments for Q1 as well as external debt and the international investment position at end of Q1.
Facts and figures
Markets 25 May 2020
Macro Overview 25 May 2020