Central Bank of Iceland

(redirected from Sedlabanki Islands)

Central Bank of Iceland

The supreme monetary authority in Iceland. It is responsible for issuing the Icelandic kronur and for setting target inflation rates. While it is expected to follow the government's lead in many areas, it remains an independent agency. It was established in 1961.
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2 February 2011 - Iceland's central bank, Sedlabanki Islands, downgraded today its key rate, the seven-day collateral lending rate, by another 25 basis points to 4.
8 December 2010 - Iceland's central bank, Sedlabanki Islands, downgraded today its key rate, the seven-day collateral lending rate, by 100 basis points to 4.
Iceland's central bank, Sedlabanki Islands, controls Kaupthing's shares in FIH Erhvervsbank as a security for a EUR500m loan given to Kaupthing in October 2008.
18 August 2010 - Iceland's central bank Sedlabanki Islands said today that the monetary policy committee (MPC) had decided to downgrade the bank's key rate, the seven-day collateral lending rate, by 100 basis points to 7% due to a lower inflation and a stronger Icelandic crown.
17 March 2010 - Iceland's central bank Sedlabanki Islands said today that the monetary policy committee (MPC) had decided to downgrade the bank's key rate, the seven-day collateral lending rate, by a further 50 basis points to 9%.
27 January 2010 - Iceland's central bank Sedlabanki Islands said today that the monetary policy committee (MPC) had decided to downgrade the bank's key rate, the seven-day collateral lending rate, by 50 basis points to 9.
10 December 2009 - Iceland's central bank Sedlabanki Islands said today that the monetary policy committee had decided to downgrade the bank's key rate, the seven-day collateral lending rate, by 100 basis points to 10%.
13 August 2009 - Iceland's central bank Sedlabanki Islands said Thursday that the monetary policy committee had decided to maintain the bank's policy rate at 12%.
The central bank of Iceland, Sedlabanki Islands, has decided to cut its key interest rate by 150 basis points to 15.