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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by Jyotsna V
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