Iceland­ic Eco­nom­ic Weekly: 30 Au­gust 2021

Last week’s highlights

• The MPC raised policy rates by 0.25 percentage points.
• Concurrent with the policy rate decision, the CBI published its quarterly Monetary Bulletin.
• The trade in goods and services deficit in Q2 was ISK 30.5 bn.

The week ahead

• On Monday, Statistics Iceland will release CPI numbers for August. We expect a 0.35% increase between months and headline inflation to decrease from 4.3% to 4.2%.
• On Tuesday, Statistics Iceland will release GDP figures for Q2 as well as revised figures for 2020.
• On Thursday, the CBI will release balance of payments for Q2.

Markets and Economic Overview

Icelandic Economic Weekly 30 August 2021 (PDF)