Last week's highlights
The MPC of the CBI lowered the Bank’s interest rates by 0.25 pp.
Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin.
The Icelandic Tourist Board released its monthly Tourism in Figures report.
The housing price index for the capital region increased by 0.9% MoM, bringing the YoY change to 6.0%.
The week ahead
On Thursday, Statistics Iceland will release preliminary figures for trade in goods and services in Q3 2020.
On Friday, Statistics Iceland will release CPI numbers for November. We expect a 0.37% increase between months and for the headline inflation to increase from 3.6% to 3.8%.