Iceland’s central bank held interest rates at a 14-year high to continue taming inflation as price gains prove resilient.
Policymakers at Sedlabanki left the 7-day term deposit rate at 9.25% on Wednesday — the highest level in western Europe. Lender Landsbankinn hf had penciled in the decision, while peer Islandsbanki hf expected a 25 basis-point cut.
Source link : https://www.bloomberg.com/news/articles/2024-03-20/iceland-holds-western-europe-s-highest-rate-steady-at-9-25
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Publish date : 2024-03-20 07:00:00
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