Iceland Delivers Second Hike in Two Months to Cool Economy
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Heuristic (v1/v3)
0.00 · CENTER
ML v2 (DistilBERT)
0.264 · RIGHT
Ensemble
0.132 · CENTER
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Article Excerpt
Customers outside restaurants and cafes in Reykjavik. PHOTO BY SIGGA ELLA /Bloomberg Article content (Bloomberg) — Iceland’s central bank raised borrowing costs for a second time since the outbreak of the Middle East war to quell persistent price pressure. Article content Policymakers at Sedlabanki in Reykjavik unanimously lifted the 7-day term deposit rate a quarter percentage point to 7.75% on Wednesday. The decision was in line with forecasts from the island’s biggest lenders Landsbankinn hf and Islandsbanki hf as well as the central bank’s own survey of market participants. Article content…
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Jun 3, 2026