Iceland's central bank lifted its key interest rate for the fourth time this year and signaled further hikes to tame inflation.
The Monetary Policy Committee of the Central Bank of Iceland, on Wednesday, decided to raise the key seven-day term deposit rate by 75 basis points to 5.50 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.