Bloomberg News

Iceland Central Bankers Discussed Rate Increase, Minutes Show

October 17, 2012

Members of the Iceland central bank’s policy board discussed increasing the benchmark interest rate by 25 basis points at an Oct. 2 meeting, according to minutes published today.

The Monetary Policy Committee “discussed leaving the bank’s rates unchanged or raising them by 0.25 percentage point,” the minutes said. “The central bank governor proposed that the bank’s interest rates be kept unchanged” at 5.75 percent.

Three out of five committee members “supported the central bank governor’s proposal,” according to the minutes. The other two argued for raising rates by 0.25 percentage point.

To contact the reporter on this story: Omar R. Valdimarsson in Reykjavik

To contact the editor responsible for this story: Jonas Bergman at

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