News
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20 January 2020 /Minutes of the meeting of the Financial Stability Council on December 17 2019
Meeting held at the Ministry of Finance and Economic affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Ásgeir Jónsson, Governor of the Central Bank o...
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30 December 2019 /Medium-Term Debt Management Strategy for 2020-2024
The Ministry of Finance and Economic Affairs has published Medium-Term Debt Management Strategy for the period 2020-2024. The MTDMS is presented on the basis of the fiscal plan, in accordance with Ar...
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20 December 2019 /Fourth meeting of the Financial Stability Council in 2019
The Financial Stability Council held its fourth meeting in 2019 on Tuesday, December 17. This was the last meeting of the Financial Stability Council in its current form as, from the 1st of January 20...
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20 December 2019 /A swift policy response supports the economy
Solid economic fundamentals and the authorities‘ swift policy response appropriately supports the economy in the wake of shocks according to a newly released Article IV report on Iceland by the IMF. A...
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17 December 2019 /Handling of cases by the Public Procurement Complaints Commission transferred to the Internal Revenue Board
Effective 1 January 2020, handling of cases by the Public Procurement Complaints Commission will be transferred from the Ministry of Finance and Economic Affairs to the Internal Revenue Board. The Rol...
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22 November 2019 /Fitch Ratings Affirms Iceland´s ratings at A, outlook stable
Today Fitch Ratings has published a new commentary on Iceland´s sovereign ratings. Iceland´s credit ratings are unchanged; Long-Term (LT) foreign- and local ratings are affirmed at A and Short-Term (S...
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15 November 2019 /S&P Global Ratings affirms Iceland’s sovereign ratings at A/A-1 with a stable outlook
International rating agency S&P Global Ratings has affirmed Iceland’s sovereign ratings at A/A-1 with a stable outlook. The rating agency assumes a mild contraction in GDP in 2019 due to declining...
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08 November 2019 /Moody's upgrades Iceland's government ratings to A2
Moody’s Investors Service has upgraded Iceland’s long-term issuer and senior unsecured ratings to A2 from A3, Iceland’s senior unsecured MTN rating to (P)A2 from (P)A3 and other short-term rating to (...
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23 October 2019 /Progress of the plan for removal of Capital Controls
The Minister of Finance and Economic Affairs today published a report on the progress of plans to remove restrictions on cross-border capital movements and foreign currency trading. The minister shall...
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27 September 2019 /Minutes of the meeting of the Financial Stability Council on 26 September 2019
Meeting held at the Ministry of Finance and Economic Affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Ásgeir Jónsson, Governor of the Central Bank o...
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06 September 2019 /Fiscal budget proposal for 2020: Strong investment and tax reductions
Personal income tax lowered — reduction process expedited Payroll tax lowered Strong public investment Transportation strengthened Research strengthened Support for low-incom...
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30 July 2019 /Fitch Ratings’ Full Rating Report on Iceland
Fitch Ratings has released its Full Rating Report on Iceland. The report follows Fitch Ratings’ upgrade on Iceland´s Short-Term ratings and affirmation of Long- Term sovereign ratings on 24 May this y...
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29 July 2019 /Moody´s publishes annual credit analysis on Iceland – rating unchanged at A3 with a positive outlook
Today, international rating agency Moody´s Investors Service published an annual credit analysis. The analysis does not entail a rating revision and Iceland’s sovereign rating remains at A3 with a pos...
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25 July 2019 /Minutes of the meeting of the Financial Stability Council on 24 June 2019
Meeting held at the Ministry of Finance and Economic Affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Már Guðmundsson, Governor of the Central Bank ...
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28 June 2019 /Government accounts 2018 – Robust Treasury position
The results of the Government accounts for 2018 have now been published and the accounts sent to Parliament. The accounts show a surplus of ISK 84bn, as compared with a surplus of ISK 39bn in 2017. Th...
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13 June 2019 /Republic of Iceland issues a new Eurobond at the lowest yields in the Republic´s history
The Republic of Iceland has today concluded agreements on issuance of bonds totalling EUR 500 million, or the equivalent of ISK 71 billion. The bonds bear fixed interest of 0.1% and have a 5-year mat...
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05 June 2019 /Republic of Iceland launches a cash tender offer and announces intention to issue new notes
The Republic of Iceland (the Offeror) announces today an invitation to holders of its outstanding €750,000,000 2.50 per cent. Notes due 15 July 2020 (ISIN: XS1086879167) to tender their Notes for purc...
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29 May 2019 /Revised fiscal policy statement: Positive overall balance for the general government is assured
Due to a lower debt level and sustained fiscal surpluses in recent years, the domestic economy is well prepared to face temporary headwinds. Performance targets are scaled downwar...
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24 May 2019 /Fitch ratings upgrades Iceland´s ST ratings to F1+; affirms LT ratings at A stable
Today Fitch ratings has published a new report on Iceland´s sovereign ratings. Iceland´s Short-Term (ST) foreign- and local currency ratings are upgraded to F1+ from F1, in line with the agency´s publ...
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21 May 2019 /Moody´s publishes credit opinion on Iceland – rating unchanged at A3 with a positive outlook
Today, international rating agency Moody´s Investors Service published an updated credit opinion. The opinion does not entail a rating revision and Iceland’s sovereign rating remains at A3 with a posi...