Icelandic central bank questions reform proposals
Publishing rate paths may not work as intended, external MPC members warn
The Central Bank of Iceland has raised concerns over some reforms to its monetary policy-making proposed by a task force, though it has accepted some of the ideas.
On January 2, the central bank said it would start publishing the votes of monetary policy committee members in the minutes of each meeting, as a means of boosting transparency. Currently the votes are only published in the following year’s annual report.
At its meeting in December, the MPC debated the recommendations made by the
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