Research

Growth in the shadow of in­flati­on

A great many things have changed since Landsbankinn Economic Research published its last macroeconomic and inflation forecast in O...
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12 Sept. 2022

Icelandic Economic Weekly: 22 September 2022

Both the number of visitors to Iceland via Keflavík Airport andunemployment numbers are back to pre-pandemic levels.
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5 Sept. 2022

Icelandic Economic Weekly: 5 September 2022

The inflation rate, measuring 9.7% in August, decreased YoY between months.
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29 August 2022

Icelandic Economic Weekly: 29 August 2022

The Central Bank of Iceland (CBI) raised interest rates by 0.75 percentage points. The policy rate is now 5.5% and has not been higher in six years.
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22 August 2022

Icelandic Economic Weekly: 22 August 2022

Market agents expect inflation to peak in Q3 2022 at an average rate of 10%, according to a survey of market agents’ expectations conducted by the Central Bank of Iceland (CBI) in August.
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15 August 2022

Icelandic Economic Weekly: 15 August 2022

Around 234,000 foreign passengers departed Iceland via Keflavík International Airport in July, departures in July increased about 1.3% compared to July 2019.
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8 August 2022

Icelandic Economic Weekly: 8 August 2022

After sharp declines in the stock markets recently, the price of shares rose in 19 of the 22 companies listed on the Icelandic stock exchange in July.
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2 August 2022

Icelandic Economic Weekly: 2 August 2022

Purchasing power in June was 2.9% lower than it was in January 2022, when it had never been higher.
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25 July 2022

Icelandic Economic Weekly: 25 July 2022

The biggest driver of the rise in the CPI between months in July are airfares, which rose by 19.9%.
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18 July 2022

Icelandic Economic Weekly: 18 July 2022

Around 176,000 foreign passengers departed Iceland via Keflavík Airport in June. Departures in June were about 90% of what they were in June 2019, prior to the pandemic.
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11 July 2022

Icelandic Economic Weekly: 11 July 2022

The Icelandic stock market dropped by 2.1% in June, compared to a 9.9% decrease in May.
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4 July 2022

Icelandic Economic Weekly: 4 July 2022

The inflation rate, measuring 8.8% in June, has doubled in a year to reach its highest level since October 2009, when it was 9.7%.
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27 June 2022

Icelandic Economic Weekly: 27 June 2022

The MPC raised the policy rate by 1 percentage point last week. The CBI’s key interest rate (seven-day term deposits) is now 4.75%, the highest in 5 years.
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20 June 2022

Icelandic Economic Weekly: 20 June 2022

Total turnover of domestic payment cards increased by 16,5% YoY in May, at constant prices.
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13 June 2022

Icelandic Economic Weekly: 13 June 2022

Around 112,000 foreign passengers departed Iceland via Keflavík Airport in May.
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7 June 2022

Icelandic Economic Weekly: 7 June 2022

Gross domestic product (GDP) increased by 8.6% in the first quarter of 2022 compared with the same period last year.
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30 May 2022

Icelandic Economic Weekly: 30 May 2022

Since January 2020, rental prices have risen by only 6.5% while the purchase price of apartments has risen by 38.1% over the same period, according to data from Registers Iceland.
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23 May 2022

Icelandic Economic Weekly: 23 May 2022

Landsbankinn Economic Research published its macroeconomic and inflation forecast for 2022-2024, titled “Growth in the Shadow of Inflation”.
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16 May 2022

Icelandic Economic Weekly: 16 May 2022

Registered unemployment was 4.5% in April, compared to 4.9% in March.
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9 May 2022

Icelandic Economic Weekly: 9 May 2022

The MPC raised the policy rate by 1 percentage point last week. The CBI’s key interest rate (seven-day term deposits) is now 3.75%.
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2 May 2022

Icelandic Economic Weekly: 2 May 2022

The CPI rose by 1.25% month-on-month in April, bringing the inflation rate to 7.2% compared to 6.7% in March.
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25 April 2022

Icelandic Economic Weekly: 25 April 2022

The housing price index for the capital region increased by 3.1% MoM in March.
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19 April 2022

Icelandic Economic Weekly: 19 April 2022

Departures of foreign passengers via Keflavík Airport were 101,000 in March.
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11 April 2022

Icelandic Economic Weekly: 11 April 2022

The government released its fiscal plan for 2022-2027 last week.
Fimmþúsundkrónu seðlar
8 April 2022

The króna unchanged against the euro in March

The Icelandic króna remained broadly unchanged against the euro in March but weakened against the US dollar. The Central Bank intervened four times in the foreign exchange market, buying euros twice and selling euros twice
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4 April 2022

Icelandic Economic Weekly: 4 April 2022

The CPI based on prices in March increased by 0.94% between months, bringing the headline number to 6.7%, up from 6.2% in February. Inflation has not been higher in Iceland since May 2010.
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28 March 2022

Icelandic Economic Weekly: 28 March 2022

Icelandic State Financial Investments sold a 22.5% share in Íslandsbanki last week.
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21 March 2022

Icelandic Economic Weekly: 21 March 2022

The CBI published a statement from the Financial Stability Committee and the Bank’s Financial Stability report last week.
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14 March 2022

Icelandic Economic Weekly: 14 March 2022

Direct impact of the Russian invasion of Ukraine on the Icelandic economy should be very limited. Exports to Russia and Ukraine account for about 1.6% of total exports from Iceland. Imports from those same two countries are about 0,.5% of total imports to Iceland.
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7 March 2022

Icelandic Economic Weekly: 7 March 2022

According to estimates by Statistics Iceland, the Icelandic economy grew by 4.3% last year, 4.4% in Q4. The fourth quarter was the third consecutive quarter of positive economic growth.
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