Iceland Holds Western Europe’s Highest Rate at 9.25% on Inflation

Iceland’s central bank kept interest rates unchanged for a sixth meeting in a row as western Europe’s highest borrowing costs have yet to tame inflation on the Atlantic island.

Policymakers at Sedlabanki left the 7-day term deposit rate at 9.25% on Wednesday, as forecast by the nation’s largest banks and the central bank’s own surveyBloomberg Terminal of market participants. The key rate has been held at a 14-year high since August last year.

Source link : https://www.bloomberg.com/news/articles/2024-08-21/iceland-holds-western-europe-s-top-rate-at-9-25-on-inflation

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Publish date : 2024-08-21 07:00:00

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