News
23. November 2020
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%.
Facts and figures
Þú gætir einnig haft áhuga á
18 Jan 2021
Icelandic Economic Weekly: 18 January 2021
The CBI published a report on the foreign exchange market, exchange rate developments, and international reserves in 2020. The Government Debt Management Agency published its monthly Market Information report. S&P Global Ratings issued a credit rating for Landsbankinn’s covered bonds. Registered unemployment was 12.1% in December, 1.4 pp of that figure due to part-time claims.
11 Jan 2021
We reopen branches - please continue to make appointments
We will reopen Landsbankinn's branches as soon as changes to restrictions on gatherings enter into force on Wednesday, 13 January. Please continue to make appointments to visit us to help us uphold 2-metre distance and ensure that we respect the 20 persons rule.
11 Jan 2021
Icelandic Economic Weekly: 11 January 2021
The CPI based on prices in December increased by 0.20% MoM, bringing the headline number to 3.6%. The CBI released its quarterly Economic Indicators report. The GDM released an annual prospect for 2021, quarterly prospect for Q1 2021, and a Medium-Term Debt Management Strategy for the period 2021-2025. The CBI will continue its regular programme of foreign currency sales in January. Icelandair released traffic data for December.
8 Jan 2021
The Icelandic króna depreciated in 2020
The Icelandic króna depreciated somewhat against the currencies of main trading countries last year. The euro was 14.9% dearer at year-end 2020 than at the beginning of the year, the US dollar 5.0% and the British pound 8.9% dearer.
16 Dec 2020
Our service in December - we find solutions
Due to restrictions on gatherings, banking now primarily takes place over the phone, the Internet and appointments, as traditional service in branches is temporarily suspended. Landsbankinn gift cards can be ordered on landsbankinn.is and picked up at a branch.
10 Dec 2020
Landsbankinn sells 12.1% shareholding in Stoðir
Landsbankinn has sold its shareholding in Stoðir hf. in an open sale process. The deadline to submit offers expired at 17:00 on Tuesday, 8 December.
10 Dec 2020
Applications for Klassi recreation grants open until 15 December
Members of Klassi can now apply for a recreation grant to support participation in recreational activities.
4 Dec 2020
Overview of the Icelandic FX market
The EUR fell by 3.2% and the USD 5.6% against the ISK in November.