Variable rates on non-indexed housing loans decrease by 0.20 percentage points (pp) and variable rates on inflation-indexed housing loans decrease by 0.10 pp. Premium rates on non-indexed corporate loans decrease by 0.20 pp and premium rates on inflation-indexed loans decrease by 0.10 pp. Overdraft interest rates decrease by 0.10-0.25 pp.
Deposit rates are variously unchanged or decrease by 0.05-0.25 pp.
This interest rate decision is taken following the rate cut announced by the Central Bank of Iceland on 18 November 2020.
Further details will be forthcoming in a new interest rate table, to be published on 1 December.