6 December 2021 - Landsbankinn
The Icelandic economy grew by 6.0% YoY in Q3. The current account surplus was ISK 13.1 bn in Q3. The Minister of Finance and Economic Affairs introduced a fiscal budget proposal for 2022 and a fiscal policy statement for 2022-2026.
Last week’s highlights
The Icelandic economy grew by 6.0% YoY in Q3.
The current account surplus was ISK 13.1 bn in Q3.
The Minister of Finance and Economic Affairs introduced a fiscal budget proposal for 2022 and a fiscal policy statement for 2022-2026.
The CBI released the minutes of the MPC’s meeting on the policy rate decision of 17 November.
The week ahead
On Friday, the Icelandic Tourist Board publishes departures from Keflavík International Airport for November and the Directorate of Labour releases unemployment numbers for November.
Markets and Economic Overview
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The inflation rate, measuring 9.7% in August, decreased YoY between months.
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.
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.
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.
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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Purchasing power in June was 2.9% lower than it was in January 2022, when it had never been higher.