August 28, 2019 / 9:08 AM / 2 months ago

Iceland's central bank cuts its main interest rate

COPENHAGEN, Aug 28 (Reuters) - Iceland’s central bank on Wednesday cut its main deposit rate to its lowest level ever, saying domestic production partially offset a stronger contraction in tourism.

The bank, which appointed Asgeir Jonsson as new governor of the central bank in July, lowered its key deposit rate by 25 basis points to 3.50%, the lowest recorded, mirroring a rate-cut by the bank in June. (Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; Editing by Hugh Lawson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below