The Central Bank of Iceland lowered the key interest rate for a third policy session in a row as policymakers assessed that inflationary pressures continue despite a slowdown in price growth.
The Monetary Policy Committee, led by Governor Asgeir Jonsson, cut the benchmark, which is rate on seven-day term deposits, by 50 basis points to 8.0 percent in a unanimous vote on Wednesday.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.