First month of non-in­ter­venti­on by the Central Bank since before the pand­emic

The Icelandic króna strengthened against the currencies of Iceland’s main trading partners in November, apart from the US dollar. The CBI did not intervene in the market in November, the first month of non-intervention since before the pandemic.
7 December 2021 - Landsbankinn

The Icelandic króna strengthened against the currencies of Iceland’s main trading partners in November, apart from the US dollar.

At the end of November, the euro stood at ISK 147.0 compared to 149.8 at the end of October and the US dollar at 129.8 compared to 129.4 at the end of October. The trade-weighted index fell (the króna strengthened) by 1.9% in November.

Turnover in the foreign exchange market was ISK 16.4 bn. (EUR 101 m.) in November and decreased by 32% between months.

The Central Bank did not intervene in the interbank market for foreign exchange in November. This is the first month since February 2020, i.e. before the pandemic, which the CBI does not intervene. The CBI's net sale of foreign currency from February 2020 is ISK 155 bn. (EUR 966m.).

First month of non-intervention by the Central Bank since before the pandemic

You may also be interested in
New temp image
17 Jan. 2022

Icelandic Economic Weekly: 17 January 2022

690,000 foreign visitors departed via Keflavík airport last year compared to 480,000 the year before.
Seðlabanki Íslands
7 Jan. 2022

The Icelandic króna depreciated slightly in December

The Icelandic króna depreciated slightly against the currencies of Iceland’s main trading partners in December, apart from the Japanese yen. The Central Bank of Iceland did not intervene in the market in December.
New temp image
6 Jan. 2022

Covered bonds – monthly overview

Landsbankinn sold covered bonds in the series LBANK CB 25 for ISK 700m at 4.18% yield (0.47% spread on RIKB) in its offering on 7 December.
New temp image
27 Dec. 2021

Icelandic Economic Weekly: 27 December 2021

Inflation in December was 5.1%, up from 4.8% in November.
New temp image
20 Dec. 2021

Icelandic Economic Weekly: 20 December 2021

The fish catch in November was 51% higher than in November 2020.
New temp image
13 Dec. 2021

Icelandic Economic Weekly: 13 December 2021

75,500 foreign passengers departed via Keflavík Airport in November.
New temp image
9 Dec. 2021

Covered bonds – monthly overview

Landsbankinn sold covered bonds for ISK 2,200m and Arion Bank for ISK 1,720m in offerings in November. Íslandsbanki did not hold an offering.
New temp image
6 Dec. 2021

Icelandic Economic Weekly: 6 December 2021

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.
New temp image
29 Nov. 2021

Icelandic Economic Weekly: 29 November 2021

The CPI based on prices mid-November increased by 0.35% between months, bringing the inflation rate to 4.8%, up from 4.5% in October.
New temp image
22 Nov. 2021

Icelandic Economic Weekly: 22 November 2021

The MPC raised policy rates by 0.5 percentage points last week.
Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies