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Icelandic Economic Weekly: 5 October 2020

Last week's highlights

The CPI based on September prices increased by 0.39% MoM, making headline inflation 3.5%.

The Minister of Finance and Economic Affairs introduced before Parliament the fiscal budget proposal for 2021 alongside the fiscal plan for 2021-2025.

Statistics Iceland expects a 7.6% contraction in GDP this year.

The CBI released its quarterly Economic Indicators report.

The GDM released its prospect for Q4.

The week ahead

On Tuesday, Icelandair Group will publish Traffic Data for September.

We expect the MPC to hold policy rates unchanged on Wednesday.

Facts and figures

Markets 5 October 2020

Macro Overview 5 October 2020