03.04.2009
The recovery of the Icelandic economy

Svein Harald Öygard, Governor of the Central Bank of Iceland, wrote an article that appeared in the Icelandic newspaper, Morgunbladid, on April 1, 2009. In that article, Svein Harald describes his view on the recovery of the Icelandic economy after the difficulties it has dealt with recently. The article has now been published in English translation.

In addition, Svein writes about four elements that he sees as critical to laying the foundation for recovery.

Svein Harald Öygard: The recovery of the Icelandic economy (.pdf)
A translation of an article published in Morgunbladid on April 1, 2009
("Endurreisn íslensk efnahagslífs")

A chart that describes four critical elements to laying the foundation for recovery:
Vision for the journey ahead (.pdf)SHÖ0409


 


InflationMore »

Consumer prices, 12-month changes. Last value: 6.6%
Verðbólga
Inflation target 2.5%

CBI's interest ratesMore »
CBI's interest rates
Overnight 11.00%
Loans against collateral 9.50%
Current account 8.00%
Exchange rateMore »
Currency 8.2.2010 Ch. *
USD 128.72 -0.05%
GBP 200.42 -0.88%
DKK 23.68 0.06%
EUR 176.27 0.05%
* Changes from last entry
Exch. Rate IndicesMore »
Exchange Rate Indices 2/8/2010 Ch. *
Narrow trade index** 231.35 0.04%
* Changes from last entry
** The index has been recalculated so that, on January 2, 2009, it was assigned a value equivalent to that of the now-discontinued Exchange Rate Index.
Other interest ratesMore »
Penalty rates from 1.2.2010 17.00%
08.02.10 REIBID REIBOR
O/N 8.100% 8.600%
S/W 8.000% 8.500%
1 M 8.500% 8.750%
3 M 7.800% 8.250%
1 Y 6.750% 7.000%


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