11 October 2021 - Landsbankinn
Last week, the MPC raised policy rates by 0.25 percentage points as expected.
Last week’s highlights
- The MPC raised policy rates by 0.25 percentage points as expected.
- The CBI published its quarterly Economic Indicators.
- Registered unemployment was 5.0% in September, down from 5.5% in August.
- Icelandair Group released traffic data for September.
The week ahead
- On Monday, the Icelandic Tourist Board publishes departures from Keflavík International Airport for September.
Markets and Economic Overview
You may also be interested in
2 Dec. 2025
Monthly newsletter of current economic affairs in Iceland.
4 Nov. 2025
Monthly newsletter of current economic affairs in Iceland.
22 Oct. 2025
The Icelandic economy will grow at a slow pace in coming years, according to a new economic forecast from Landsbankinn Economic Research. Gross domestic product (GDP) contracted by 1.0% last year, largely due to a negative contribution from foreign trade, but this year the outlook is for 1,5% growth in GDP. Strong private consumption and increased exports appear to have vitalised the economy this year; however, various forces are restraining growth and will continue to cool the system in the years ahead.
1 Oct. 2025
Monthly newsletter of current economic affairs in Iceland.
1 Sept. 2025
Monthly newsletter of current economic affairs in Iceland.
1 August 2025
Monthly newsletter of current economic affairs in Iceland.
9 April 2025
Landsbankinn Economic Research forecasts 1.4% economic growth this year and 2.1% next year. The economy has cooled down following a robust period of growth in the years after the pandemic and we now anticipate a slow start.