Global Economic News

Iceland Central Bank Hikes Key Rate By 50 Bps

Iceland's central bank lifted its key interest rate for the fourth consecutive meeting as inflation outlook deteriorated amid persistent global price pressures and a rapid rebound in domestic economic activity.

The Monetary Policy Committee of the Central Bank of Iceland, on Wednesday, decided to raise the key interest rates by 0.5 percentage points to 2.00 percent from 1.50 percent.

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by RTTNews Staff Writer

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