Arab Today, arab today icelandic central bank raises key rate 025 points to 50
Last Updated : GMT 08:44:49
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Icelandic central bank raises key rate 0.25 points to 5.0%

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Arab Today, arab today Icelandic central bank raises key rate 0.25 points to 5.0%

Reykjavik - AFP

Iceland's central bank raised its interest rates by a quarter point on Wednesday, taking its benchmark rate to 5.0 percent, the bank said in a statement. The bank explained that the Icelandic "krona is weaker than in February ... and the short-term inflation outlook has deteriorated somewhat... Further ahead, there is the risk that inflation will remain above the Bank's inflation target for a longer period than projected unless the krona appreciates in coming months."

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