22 February 2021 - Landsbankinn
Last week’s highlights
- The CBI released the minutes of the MPC’s meeting on the policy rate decision 3 February.
- Landsbankinn concluded the sale of a new green euro-denominated bond series.
- Landsvirkjun published financial statements for 2020.
The week ahead
- On Thursday, Statistics Iceland will release CPI numbers for February. We expect a 0.52% increase between months, due to seasonal sales, but the headline inflation to decrease from 4.3% to 3.9%.
- On Friday, Statistics Iceland will release GDP numbers for Q4 2020.
Markets and economic overview
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ISK appreciated in March
At the end of March, the EUR/ISK stood at 148.2, compared to 152.9 at the end of February, and the exchange rate index decreased (the króna strengthened) by 1.8%. The CBI will reduce its regular currency sales as of the beginning of April.
12 April 2021
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6 April 2021
Icelandic Economic Weekly: 6 April 2021
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29 March 2021
Icelandic Economic Weekly: 29 March 2021
Last week the MPC held policy rates unchanged, in line with our expectations. The CPI increased by 0.49% between months bringing the year on year change to 4.3%.
24 March 2021
We find solutions over the phone or online
Landsbankinn’s services will change as of 25 March to reflect tighter restrictions on gatherings enacted to slow the spread of Covid-19. We encourage customers to use Landsbankinn’s app, online banking and ATMs as much as possible. A great deal of banking business can be tended to through these channels, simply and quickly.
22 March 2021
Icelandic Economic Weekly: 22 March 2021
We expect the MPC to hold policy rates unchanged on Wednesday. On Thursday, Statistics Iceland will release CPI numbers for March.
15 March 2021
Icelandic Economic Weekly: 15 March 2021
Last week the Icelandic Tourist Board published departures from Keflavík International Airport and Icelandair published traffic data.
8 March 2021
Icelandic Economic Weekly: 8 March 2021
The current account surplus was ISK 22.1bn in Q4 2020.
4 March 2021
ISK appreciated in February
At the end of February, the EUR/ISK stood at 152.9, compared to 156.1 at the end of January, appreciating during the month. Both turnover and fluctuation was similar as in January. The CBI continued its regular programme of currency sales.
1 March 2021
Icelandic Economic Weekly: 1 March 2021
The Icelandic economy contracted by 6.6% between years in 2020.