October 2, 2019 / 9:06 AM / 18 days ago

Iceland's central bank cuts key interest rate by 25 bps to record low

COPENHAGEN, Oct 2 (Reuters) - Iceland’s central bank on Wednesday cut its main deposit rate by 25 basis points to a record low, saying economic growth could weaken faster than is currently expected.

The bank, which appointed Asgeir Jonsson as governor in July, lowered the rate to 3.25% following cuts in May, June and August. (Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; editing by John Stonestreet)

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