Last week, the CBI released the minutes of the Monetary Policy Committee’s (MPC) last meeting, Icelandair published Q3 results and S&P confirmed Arion Bank’s and Landsbankinn’s credit ratings.

S&P Global Ratings has today published a report on Landsbankinn’s credit rating where an unchanged long-term credit rating was confirmed at BBB/A-2 with stable outlook.

Variable interest rates on non-indexed housing mortgages increase by 0.20 percentage points (pp). Fixed rates on new non-indexed 36-month mortgages increase by 0.15 percentage points and fixed rates on new non-indexed 60-month mortgages by 0.10 pp. Interest rates on inflation-indexed mortgages, both variable and fixed, are unchanged. 

The Icelandic króna depreciated against the currencies of Iceland’s main trading partners in September. At the end of the month, the euro stood at ISK 150.9, compared to ISK 149.6 at the end of August. The CBI intervened five days in September. On all five days, it sold euros.