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.
The bank had raised its key rate by 25 basis points each in May, August and October.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.