Thursday, April 9, 2009

Central Bank of Iceland Lowers Rates

Iceland's Monetary Policy Committee has decided to lower the Central Bank of Iceland's policy rate by 150 basis points to 15.5 percent. Other interest rates of the Bank will be lowered accordingly.

If inflation stays under control, Iceland's rates are headed much lower, and my guess is that inflation will remain under control to some degree for at least the next 12 months.

(Link Via email from NoAxe)

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