Mon­et­ary Bul­letin is pub­lished four times a year. In early May and early Novem­ber, it con­tains an in­fla­tion and mac­roe­co­nomic fore­cast, to­gether with an in­-depth ana­lysis of eco­nomic and mon­et­ary de­vel­op­ments and pro­spects. The Feb­ru­ary and Au­gust is­sues in­clude up­dated in­fla­tion and mac­roe­co­nomic fore­casts and an ab­bre­vi­ated re­port on eco­nomic and mon­et­ary de­vel­op­ments and out­look. Mon­et­ary Bul­letin is also is­sued in Icelandic un­der the title Pen­ingamál.

The Mon­et­ary Policy Com­mit­tee (M­PC) of the Cent­ral Bank of Ice­land has de­cided to lower the Bank’s in­terest rates by 0.25 per­cent­age points. The Bank’s key in­terest rate – the rate on sev­en-day term de­pos­its – will there­fore be 7.50%. All Com­mit­tee mem­bers voted in fa­vour of the de­cision.

A state­ment of the Mon­et­ary Policy Com­mit­tee will be pub­lished on the Cent­ral Bank of Ice­land web­site to­mor­row, Wed­nes­day 21 May 2025 at 08:30 hrs. The Bank’s Mon­et­ary Bul­letin will be pub­lished at 08:35 hrs. At 9:30 hr­s., a web­cast with a press con­fer­ence on the state­ment and the con­tents of the Mon­et­ary Bul­letin will be held.

The Cent­ral Bank of Ice­land con­duc­ted a sur­vey of mar­ket agents’ ex­pect­a­tions over the period from 5 through 7 May 2025. A total of 39 agents in the bond mar­ket, in­clud­ing banks, pen­sion funds, mu­tual and in­vest­ment funds, se­cur­it­ies brokers, li­censed as­set man­age­ment firms, and in­sur­ance firms were in­vited to par­ti­cip­ate. Re­sponses were re­ceived from 25 mar­ket par­ti­cipants, giv­ing a re­sponse ra­tio of 64%.