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The Central Bank of Iceland’s monetary policy committee raised its policy rate by 25 basis points on October 5, to 5.75%.
This is the MPC’s ninth consecutive hike since May 2021, for a total of 500bp of rate increases.
The central bank’s press release noted that Iceland is experiencing lower headline inflation, which fell from 9.9% in July to 9.3% in September. The central bank also noted that inflation expectations were falling but that core inflation had risen.
The committee attributed the
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