Iceland­ic Eco­nom­ic Weekly: Monday 31 Au­gust 2020

Last week's highlights and the week ahead.
31 August 2020

Last week's highlights

The MPC held policy rates unchanged.

Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin.

The CPI based on prices in August increased by 0.46% MoM making headline inflation 3.2%.

VAT turnover decreased YoY in most sectors May-June.

The trade balance was negative in Q2.

The week ahead

Today, Statistics Iceland will publish national accounts for Q2.

On Tuesday, the CBI will publish balance of payments for Q2 as well as external debt and the international investment position at end of Q2.

Facts and figures

Markets 31 August 2020

Macro Overview 31 August 2020

You may also be interested in
New temp image
31 August 2023
Landsbankinn changes interest rates
In light of the recent interest rate decision of the Central Bank of Iceland, the following changes will be made to Landsbankinn’s interest rates. Interest rate changes also have regard for market rates and other funding terms of Landsbankinn.
Screenshot of fraudulent message
31 August 2023
Beware of fake text messages - do not open the link
This is a warning concerning a fake website made to look like that of Auðkenni and which includes a fraudulent connection to Landsbankinn.
23 August 2023
Shorter opening hours in 7 branches - service hours remain unchanged
On 13 September, the opening hours of seven branches will be shortened by three hours and will as a result be 12:00-15:00. While general opening hours will be shorter, customers can still make appointments to visit these branches between 10:00-16:00 and book remote meetings until 18:00, meaning that actual service hours remain unchanged. ATMs are accessible around the clock in all these locations.
Myndlistarsýning
18 August 2023
Cyclical– art exhibition opens in Austurstræti 11 on Reykjavík Culture Night
A new exhibition of art from Landsbankinn's collection will be opened in the event of Reykjavík Culture Night in the Bank’s branch at Austurstræti 11. The exhibition is titled Cyclical and is curated by Daría Sól Andrews.
Menningarnótt
15 August 2023
Eventful Reykjavík Culture Night in Reykjastræti and Austurstræti
Landsbankinn is one of the main backers of Reykjavík Culture Night and we actively take part in the festivities. This year, we are happy to welcome visitors to the Bank’s new headquarters at Reykjastræti 6 and to enjoy a new exhibition of artwork from the Bank’s collection in Austurstræti 11.
Flutningaskip við Vestmannaeyjar
2 August 2023
Vestmannaeyjar branch closes at noon Friday - all branches closed on Tradesman’s Day
Due to the annual festivities in Vestmannaeyjar, the local Landsbankinn branch will close at 12 noon on Friday, 4 August. All bank branches will be closed on Tradesman’s Day, Monday 7 August.
31 July 2023
New housing for Landsbankinn in Akureyri
Landsbankinn in Akureyri will move to Hofsbót 2-4 before the end of 2024, according to a long-term rental agreement with the owners of the premises.
31 July 2023
Fifteen entries receive grants from the Pride Parade Fund of Reykjavík Pride and Landsbankinn
Fifteen entries received grants from the Pride Parade Fund of Reykjavík Pride and Landsbankinn.
31 July 2023
Seven interesting projects receive sustainability grants
Landsbankinn has now allocated sustainability grants for the second time. Seven interesting projects received grants this year in the total amount of ISK 10 million.
31 July 2023
Changes to authentication process in the app
We are making changes to the means by which customers confirm payments and various other actions in Landsbankinn’s app. The aim is to enhance security in ecommerce.
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