The benchmark interest rate in Iceland was last recorded at 7.25 percent. This dataset provides - Iceland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Iceland Policy Rate

• Iceland cash rate (Central Bank of Iceland: Loans Against Collateral: Month End) was set at 8.00 % pa in Nov 2025, compared with 8.25 % pa in the previous Oct 2025.
• Iceland Policy Rate averaged 9.13 % pa and is updated monthly, available from Jan 1994 to Nov 2025.
• The data reached an all-time high of 18.00 % pa in Feb 2009 and a record low of 1.50 % pa in Apr 2021.

Prior to May 2007, Policy Rate of Iceland is known as Repo Rate. Since May 2007, the name has been changed to Loans Against Collateral because the Repo Rate didn't involve a repurchase agreement but a loan against collateral.


Related information about Iceland Policy Rate

• In the latest reports, Iceland Short Term Interest Rate: Month End: REIBOR: 3 Months was reported at 7.59 % pa in Nov 2025.
• Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Iceland: Indexed Government Bond Yield: 10 Years) was reported at 0.03 % pa in Oct 2025.
• Iceland Exchange Rate against USD averaged 127.02 (USD/ISK) in Nov 2025.
• Its Real Effective Exchange Rate was 98.19 in Oct 2025.

Key information about Iceland Short Term Interest Rate

• Iceland Short Term Interest Rate: Month End: REIBOR: 3 Months was reported at 8.31 % pa in Jan 2025, compared with 8.54 % pa in the previous month.
• Iceland Short Term Interest Rate data is updated monthly, available from Aug 1998 to Jan 2025.
• The data reached an all-time high of 18.57 % pa in Oct 2008 and a record low of 1.27 % pa in Nov 2020.
• Short Term Interest Rate is reported by reported by Central Bank of Iceland.

Related information about Iceland Short Term Interest Rate

• In the latest reports, Iceland Long Term Interest Rate: Month Avg: Iceland: Indexed Government Bond Yield: 10 Years was reported at 2.57 % pa in Nov 2024.
• The cash rate (Central Bank of Iceland: Loans Against Collateral: Month End) was set at 10.00 % pa in Jan 2025.
• Iceland Exchange Rate against USD averaged 137.80 (USD/ISK) in Jun 2023.

Time series data for the statistic Central Bank Policy Rates Monthly and country Iceland. Indicator Definition:Central Bank Policy Rates MonthlyThe indicator "Central Bank Policy Rates Monthly" stands at 7.50 percent as of 9/30/2025, the lowest value since 3/31/2023. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -1.75 percentage points compared to the value the year prior.The 1 year change in percentage points is -1.75.The 3 year change in percentage points is 2.00.The 5 year change in percentage points is 6.50.The 10 year change in percentage points is 2.00.The Serie's long term average value is 7.05 percent. It's latest available value, on 9/30/2025, is 0.447 percentage points higher, compared to it's long term average value.The Serie's change in percentage points from it's minimum value, on 11/30/2020, to it's latest available value, on 9/30/2025, is +6.75.The Serie's change in percentage points from it's maximum value, on 10/31/2008, to it's latest available value, on 9/30/2025, is -10.50.

Central bank policy rates, Iceland

Key information about Iceland Long Term Interest Rate

• Iceland Long Term Interest Rate: Month Avg: Iceland: Indexed Government Bond Yield: 10 Years was reported at 2.60 % pa in Jan 2025, compared with 2.57 % pa in the previous month.
• Iceland Long Term Interest Rate data is updated monthly, available from Jan 1992 to Jan 2025.
• The data reached an all-time high of 9.90 % pa in May 1992 and a record low of -0.04 % pa in Aug 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

The International Monetary Fund provides monthly Indexed Government Bond Yield with maturity of 10 years.


Related information about Iceland Long Term Interest Rate

• In the latest reports, Iceland Short Term Interest Rate: Month End: REIBOR: 3 Months was reported at 8.31 % pa in Jan 2025.
• The cash rate (Central Bank of Iceland: Loans Against Collateral: Month End) was set at 10.00 % pa in Feb 2025.
• Iceland Exchange Rate against USD averaged 137.80 (USD/ISK) in Jun 2023.

The 'Interest Rate Decision' in Iceland refers to the Central Bank of Iceland's determination of the benchmark interest rate, which influences borrowing costs and economic activity.-2025-05-21

The 'Interest Rate Decision' in Iceland refers to the Central Bank of Iceland's determination of the benchmark interest rate, which influences borrowing costs and economic activity.-2025-10-08

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The 'Interest Rate Decision' in Iceland refers to the Central Bank of Iceland's determination of the benchmark interest rate, which influences borrowing costs and economic activity.-2025-03-19

This paper describes the relationship between central bank interest rates and exchange rates under a capital control regime. Higher interest rates may strengthen the currency by inducing owners of local currency assets not to sell local currency off shore. There is also an effect that goes in the opposite direction: higher interest rates may also increase the flow of interest income to foreigners through the current account, making the exchange rate fall. The historical financial crisis now under way in Iceland provides excellent testing grounds for the analysis. Overall, the experience does not suggest that cutting interest rates moderately from a very high level is likely to make a currency depreciate in a capital control regime, but it highlights the importance of effective enforcement of the controls.

Key information about Iceland Exchange Rate against USD

• Iceland Exchange Rate against USD averaged 127.017 (USD/ISK) in Nov 2025, compared with 122.322 USD/ISK in the previous month.
• Iceland Exchange Rate against USD data is updated monthly, available from Jan 1957 to Nov 2025.
• The data reached an all-time high of 144.445 in Apr 2020 and a record low of 0.163 in Jan 1960.

CEIC extends history for monthly average Exchange Rate against USD. Central Bank of Iceland provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1981 is sourced from the International Monetary Fund.


Key information about Iceland Exchange Rate against USD

• In the latest reports, Iceland Short Term Interest Rate: Month End: REIBOR: 3 Months was reported at 7.588 % pa in Nov 2025.
• Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Iceland: Indexed Government Bond Yield: 10 Years) was reported at 0.026 % pa in Oct 2025.
• The cash rate (Central Bank of Iceland: Loans Against Collateral: Month End) was set at 8.000 % pa in Nov 2025.

The 'Interest Rate Decision' in Iceland refers to the Central Bank of Iceland's determination of the benchmark interest rate, which influences borrowing costs and economic activity.-2024-08-21

Key information about Iceland Real Effective Exchange Rate

• Iceland Real Effective Exchange Rate (REER: 2005=100: Month Avg: Iceland) was 91.9 in Jan 2025, compared with the number of 92.6 in the previous month.
• Iceland Real Effective Exchange Rate data is updated monthly and averaged 106.9 from Jan 1979 to Jan 2025.
• The data reached an all-time high of 106.9 in Nov 2005 and a record low of 56.9 in Nov 2008.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. Bank for International Settlements provides Real Effective Exchange Rate with base 2020=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. Real Effective Exchange Rate prior to January 1994 is calculated from REER with base 2010=100 sourced from the International Monetary Fund.


Related information about Iceland Real Effective Exchange Rate

• In the latest reports, Iceland Short Term Interest Rate: Month End: REIBOR: 3 Months was reported at 8.3 % pa in Jan 2025.
• The cash rate (Central Bank of Iceland: Loans Against Collateral: Month End) was set at 10.0 % pa in Jan 2025.
• Iceland Exchange Rate against USD averaged 137.8 (USD/ISK) in Jun 2023.

The 'Interest Rate Decision' in Iceland refers to the Central Bank of Iceland's determination of the benchmark interest rate, which influences borrowing costs and economic activity.-2024-11-20

Over the five years through 2024, European metal and metal ore wholesalers’ revenue is expected to dip by 3.5% to €283.4 billion, including a 4.3% contraction in 2024. COVID-19 significantly disrupted key downstream buying activity, with construction and manufacturing output stuttering, limiting demand for key metals like steel or aluminium. As the pandemic eased, investment in the two sectors picked up, helping to stimulate sales of metals. In line with a weakened travel industry, the aircraft industry has been slow to recover, constraining the need for metal parts like carbon fibre. Economic uncertainty spread among many European countries since Russia’s invasion of Ukraine in February 2022, sparking sales of precious metals like gold and silver, as they’re considered safe investments. Subdued economic growth and crippling central bank interest rate rises have stemmed investment in volatile assets like metals and metal ores, while new construction work is hard to come by. Over the five years through 2024, metal and metal ore wholesalers’ revenue is forecast to grow at a compound annual rate of 0.3% to reach €288.3 billion. The growing investment in the decarbonisation of the economy will support strong sales of metals like lithium (crucial for EV batteries), copper and nickel. The transport manufacturing sector will be a large market for wholesalers in the coming years. Metal wholesalers must continue to expand and upgrade their offering of value-added services in order to protect against the ever-present threat of wholesale bypass. An easy-to-use online platform, convenient delivery options and knowledgeable staff will stand wholesalers in good stead and help aid profit growth.

Islands Leitzins belief sich im 2025-11 auf 8.00 % pa. Dies stellt einen Rückgang im Vergleich zu den vorherigen Zahlen von 8.25 % pa für 2025-10 dar. Islands Leitzins werden monatlich aktualisiert, mit einem Durchschnitt von 9.13 % pa von 1994-01 bis 2025-11, mit 383 Beobachtungen. Die Daten erreichten ein Allzeithoch in Höhe von 18.00 % pa im 2009-02 und ein Rekordtief in Höhe von 1.50 % pa im 2021-04. Islands Leitzins Daten behalten den Aktiv-Status in CEIC und werden von Central Bank of Iceland gemeldet. Die Daten werden unter Global Databases Island – Table IS.M: Policy and Discount Rates kategorisiert.

Islands Zinssatz für kurzfristige Kredite belief sich im 2025-11 auf 7.59 % pa. Dies stellt einen Rückgang im Vergleich zu den vorherigen Zahlen von 7.78 % pa für 2025-10 dar. Islands Zinssatz für kurzfristige Kredite werden monatlich aktualisiert, mit einem Durchschnitt von 5.10 % pa von 1998-08 bis 2025-11, mit 328 Beobachtungen. Die Daten erreichten ein Allzeithoch in Höhe von 18.57 % pa im 2008-10 und ein Rekordtief in Höhe von 1.27 % pa im 2020-11. Islands Zinssatz für kurzfristige Kredite Daten behalten den Aktiv-Status in CEIC und werden von Central Bank of Iceland gemeldet. Die Daten werden unter Global Databases Island – Table IS.M: Reykjavik Interbank Offered Rate kategorisiert.

아이슬란드의 정책금리은 2025-11에 8.00 % pa로 보고 되었습니다. 이는 2025-10에 8.25 % pa라는 이전 수치에 비 해하락한 기록입니다.아이슬란드의 정책금리 데이터는 월간 간행물마다 업데이트 되며,383개의 관측으로 1994-01부터 2025-11사이에 평균 9.13 % pa입니다. 이 데이터는2009-02에 18.00 % pa라는사상 최고치를, 2021-04에 1.50 % pa라는 최저치를 기록했습니다. 아이슬란드’의 정책금리 데이터는 CEIC에 활성 상태로 남아 있으며Central Bank of Iceland에 의해 보고되는 정보입니다. 본 데이터는 Global Database의 아이슬란드 - Table IS.M: Policy and Discount Rates하에 분류 됩니다.

The 'Interest Rate Decision' in Iceland refers to the Central Bank of Iceland's determination of the benchmark interest rate, which influences borrowing costs and economic activity.