Iceland central bank suggests tightening to come
Many domestic factors set Iceland apart from other industrialised countries, MPC notes
A "tighter" monetary policy stance will "probably be needed in the coming term", the Central Bank of Iceland's monetary policy committee said today (May 11), as it held its key rate at 5.75%.
"How much and how quickly the monetary stance must be tightened will depend on future developments," the MPC said, noting growing domestic pressures were the main cause for concern. That statement was published in the central bank's latest economic bulletin.
Long-term inflation expectations "persistently"
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