Iceland's central bank decided to raise the interest rates by 25 basis points on Wednesday as inflation expectations increased amid the escalation of the conflict in the Persian Gulf.
The Monetary Policy Committee of the Central Bank of Iceland decided to raise the seven-day term deposit rate by 25 basis points to 7.50 percent.
While three members voted in favor of the decision, two policymakers sought a 50 basis-point rate hike.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.