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Central Bank of Iceland: Monetary Bulletin Featured

Central Bank of Iceland Central Bank of Iceland

The objective of the Central Bank of Iceland’s monetary policy is to contribute to general economic well-being in Iceland. The Central Bank does so by promoting price stability, which is its main objective. 

In the joint declaration made by the Government of Iceland and Central Bank of Iceland on 27 March 2001, this is defined as aiming at an average rate of inflation, measured as the 12-month increase in the CPI, of as close to 2½% as possible.

Professional analysis and transparency are prerequisites for credible monetary policy. In publishing Monetary Bulletin four times a year, the Central Bank aims to fulfil these principles.

Monetary Bulletin includes a detailed analysis of economic developments and prospects, on which the Monetary Policy Committee's interest rate decisions are based. It also represents a vehicle for the Bank’s accountability towards Government authorities and the public. The framework of monetary policy and its implementation and instruments are described in the chapter entitled "Monetary policy and instruments", on pp. 61-63 of this edition of Monetary Bulletin.

 

See the Monetary Bulletin here.

 

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