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Iceland Central Bank Raises Key Interest Rate To 8.75%

Por: RTTNews Business May 25, 2023

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Iceland's central bank raised its key interest rate sharply at its May meeting on Wednesday to contain the risk of a wage-price spiral in the face of strong demand pressures, and the policy board hinted that further rate hikes would bring inflation back to the target range and thereby ensure a better balanced .The Monetary Policy Committee of the Central Bank of Iceland, chaired by Governor Asgeir Jonsson, decided to raise the benchmark... + full article



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