Iceland central bank lowered its benchmark rate for the fourth consecutive meeting on Wednesday, but policymakers stressed on the need for caution in future as inflationary pressures remain, and in view of the heighted global economic uncertainty.
The Monetary Policy Committee of the Central Bank of Iceland, led by Governor Asgeir Jonsson, unanimously reduced the seven-day term deposit rate by 25 basis points to 7.75 percent.
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by Renju Jaya
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