Monetary Policy Committee

According to the Act no. 5/2009 amending the Act on the Central Bank of Iceland, no. 36/2001, decisions on applying the Central Bank’s monetary policy control mechanisms shall be taken by the Monetary Policy Committee. The control mechanisms include decisions on interest rates, part of transactions with credit institutions, decision on reserve requirements and currency market transactions. Decisions by the Monetary Policy Committee must be based on the Bank’s objectives and a thorough assessment of the current situation of and outlook for the economy and monetary issues and financial stability.

The members of the Monetary Policy Committee are Már Guðmundsson Governor of the Central Bank of Iceland, who is the chairman of the committee, Arnór Sighvatsson Vice Governor of the Central Bank of Iceland, Thorarinn G. Petursson, Chief Economist of the Central Bank of Iceland, Anne Sibert professor in Economics at Birkberk College, University of London and Gylfi Zoëga professor in Economics at the University of Iceland. See a photo of the MPC:
Photo of the MPC. Photo of the MPC, taken at the beginning of November 2009. From left to right: Thorarinn G. Pétursson, Anne Sibert, Mar Gudmundsson chairman, Arnor Sighvatsson and Gylfi Zoëga.

(Photo of the former MPC. From left to right:  Gylfi Zoëga, Arnor Sighvatsson, Svein Harald Øygard, former Governor, Anne Sibert and Thorarinn G. Petursson.)

See also:

• See: Act no. 5/2009. (amending the Act on the Central Bank of Iceland, no. 36/2001. )
• See: Procedures of MPC
• See also: The Act no. 36/2001 on the Central Bank of Iceland.
• See also: Central Bank of Iceland Publication Calendar