- The Central Bank of Iceland leaves its policy rate unchanged


The Board of Governors of the Central Bank of Iceland has decided to hold the
Bank's policy interest rate unchanged at 18%. 

The Bank's analysis of the economic situation and outlook will be published in
Monetary Bulletin, which will appear on the Central Bank of Iceland website
today at 11:00 a.m. 

As is well known, economic policy will be determined in collaboration with the
International Monetary Fund in the immediate future. It is expected that a
decision will be made very soon and that an action plan will then be published.
The Board of Governors of the Central Bank will give account of its monetary
policy thereafter.