27 December 2021 - Landsbankinn
Inflation in December was 5.1%, up from 4.8% in November.
Last week’s highlights
- The CPI based on prices mid-December increased by 0.45% between months, bringing the inflation rate to 5.1%, up from 4.8% in November.
- The CBI published its quarterly Economic Indicators.
The week ahead
- On Wednesday, the GDM is set to release its annual prospects.
Markets and Economic Overview
You may also be interested in
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.
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.
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.
20 Dec. 2021
Icelandic Economic Weekly: 20 December 2021
The fish catch in November was 51% higher than in November 2020.
13 Dec. 2021
Icelandic Economic Weekly: 13 December 2021
75,500 foreign passengers departed via Keflavík Airport in November.
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.
7 Dec. 2021
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.
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.
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.
22 Nov. 2021
Icelandic Economic Weekly: 22 November 2021
The MPC raised policy rates by 0.5 percentage points last week.