Iceland’s central bank raised its key interest rate sharply at its May meeting on Wednesday to contain the risk of a wage-price spiral in the face of strong demand pressures, and the policy board hinted that further rate hikes would bring inflation back to the target range and thereby ensure a better balanced economy.
Read Full Story
Latest posts by Top News Editor (see all)
- Dollar Retreats After Service Sector Data - June 5, 2023
- U.S. Service Sector Growth Slows More Than Expected In May - June 5, 2023
- U.S. Factory Orders Climb Slightly Less Than Expected In April - June 5, 2023