The head of Iceland’s central bank has said that the country is uncomfortable with the state of its currency, as inflation continues to outpace its targeted figure.
Iceland’s central bank said Wednesday it raised its main interest rate for the third time since May to combat a “bleaker” inflation outlook. Central banks across the world are hiking their rates to combat soaring consumer prices, which rose after Covid restrictions were eased and surged even higher as Russia’s invasion of Ukraine sent food […]
The Central Bank of Iceland Seðlabanki has closed its last remaining vault outside the capital, Reykjavik. The move comes as part of an ongoing Seðlabanki review of how it distributes its banknotes, which saw the bank opt to start gradually closing down its regional vaults in 2003.