Data / Central bank policy rate / Iceland

Central bank policy rate in Iceland

Central bank policy rate in Iceland was 8% in September 2026, according to Bank for International Settlements. That is up 0.5 pts from September 2025. That is the 5th highest of 36 countries in July 2026.

September 20268%
Change on September 2025+0.5 pts
Rank5th of 36Countries ranked
Series high18October 2008
Series low0.75November 2020

Central bank policy rate in Iceland, March 1998 to September 2026

CSVChart (SVG)

051015201998-032002-042006-052010-062014-072018-082022-092026-091998-03: 6.94 %1998-04: 6.94 %1998-05: 6.94 %1998-06: 6.94 %1998-07: 6.94 %1998-08: 6.94 %1998-09: 7.22 %1998-10: 7.22 %1998-11: 7.22 %1998-12: 7.22 %1999-01: 7.22 %1999-02: 7.59 %1999-03: 7.59 %1999-04: 7.59 %1999-05: 7.59 %1999-06: 8.05 %1999-07: 8.05 %1999-08: 8.05 %1999-09: 8.6 %1999-10: 8.6 %1999-11: 8.6 %1999-12: 8.6 %2000-01: 9.33 %2000-02: 9.6 %2000-03: 9.6 %2000-04: 9.6 %2000-05: 9.6 %2000-06: 10.06 %2000-07: 10.06 %2000-08: 10.06 %2000-09: 10.06 %2000-10: 10.77 %2000-11: 10.77 %2000-12: 10.77 %2001-01: 10.77 %2001-02: 10.77 %2001-03: 10.33 %2001-04: 10.33 %2001-05: 10.33 %2001-06: 10.33 %2001-07: 10.33 %2001-08: 10.33 %2001-09: 10.33 %2001-10: 10.33 %2001-11: 9.6 %2001-12: 9.6 %2002-01: 9.6 %2002-02: 9.6 %2002-03: 9.15 %2002-04: 8.88 %2002-05: 8.42 %2002-06: 8.15 %2002-07: 8.15 %2002-08: 7.31 %2002-09: 6.85 %2002-10: 6.57 %2002-11: 6.1 %2002-12: 5.63 %2003-01: 5.63 %2003-02: 5.16 %2003-03: 5.16 %2003-04: 5.16 %2003-05: 5.16 %2003-06: 5.16 %2003-07: 5.16 %2003-08: 5.16 %2003-09: 5.16 %2003-10: 5.16 %2003-11: 5.16 %2003-12: 5.16 %2004-01: 5.16 %2004-02: 5.16 %2004-03: 5.16 %2004-04: 5.16 %2004-05: 5.35 %2004-06: 5.59 %2004-07: 6.06 %2004-08: 6.06 %2004-09: 6.53 %2004-10: 6.99 %2004-11: 6.99 %2004-12: 7.92 %2005-01: 7.92 %2005-02: 8.38 %2005-03: 8.61 %2005-04: 8.61 %2005-05: 8.61 %2005-06: 9.07 %2005-07: 9.07 %2005-08: 9.07 %2005-09: 9.75 %2005-10: 9.75 %2005-11: 9.75 %2005-12: 9.97 %2006-01: 10.2 %2006-02: 10.2 %2006-03: 10.87 %2006-04: 10.87 %2006-05: 11.54 %2006-06: 11.54 %2006-07: 12.21 %2006-08: 12.65 %2006-09: 13.09 %2006-10: 13.09 %2006-11: 13.09 %2006-12: 13.3 %2007-01: 13.3 %2007-02: 13.3 %2007-03: 13.3 %2007-04: 13.3 %2007-05: 13.3 %2007-06: 13.3 %2007-07: 13.3 %2007-08: 13.3 %2007-09: 13.3 %2007-10: 13.3 %2007-11: 13.75 %2007-12: 13.75 %2008-01: 13.75 %2008-02: 13.75 %2008-03: 15 %2008-04: 15.5 %2008-05: 15.5 %2008-06: 15.5 %2008-07: 15.5 %2008-08: 15.5 %2008-09: 15.5 %2008-10: 18 %2008-11: 18 %2008-12: 18 %2009-01: 18 %2009-02: 18 %2009-03: 17 %2009-04: 12.5 %2009-05: 9.5 %2009-06: 9.5 %2009-07: 9.5 %2009-08: 9.5 %2009-09: 9.5 %2009-10: 9.75 %2009-11: 9.625 %2009-12: 9.125 %2010-01: 8.625 %2010-02: 8.625 %2010-03: 8.125 %2010-04: 8.125 %2010-05: 7.625 %2010-06: 7.125 %2010-07: 7.125 %2010-08: 6.125 %2010-09: 5.375 %2010-10: 5.375 %2010-11: 4.625 %2010-12: 3.875 %2011-01: 3.875 %2011-02: 3.625 %2011-03: 3.625 %2011-04: 3.625 %2011-05: 3.625 %2011-06: 3.625 %2011-07: 3.625 %2011-08: 3.875 %2011-09: 3.875 %2011-10: 3.875 %2011-11: 4.125 %2011-12: 4.125 %2012-01: 4.125 %2012-02: 4.125 %2012-03: 4.375 %2012-04: 4.375 %2012-05: 4.875 %2012-06: 5.125 %2012-07: 5.125 %2012-08: 5.125 %2012-09: 5.125 %2012-10: 5.125 %2012-11: 5.375 %2012-12: 5.375 %2013-01: 5.375 %2013-02: 5.375 %2013-03: 5.375 %2013-04: 5.375 %2013-05: 5.375 %2013-06: 5.375 %2013-07: 5.375 %2013-08: 5.375 %2013-09: 5.375 %2013-10: 5.375 %2013-11: 5.375 %2013-12: 5.375 %2014-01: 5.375 %2014-02: 5.375 %2014-03: 5.375 %2014-04: 5.375 %2014-05: 5.25 %2014-06: 5.25 %2014-07: 5.25 %2014-08: 5.25 %2014-09: 5.25 %2014-10: 5.25 %2014-11: 5 %2014-12: 4.5 %2015-01: 4.5 %2015-02: 4.5 %2015-03: 4.5 %2015-04: 4.5 %2015-05: 4.5 %2015-06: 5 %2015-07: 5 %2015-08: 5.5 %2015-09: 5.5 %2015-10: 5.5 %2015-11: 5.75 %2015-12: 5.75 %2016-01: 5.75 %2016-02: 5.75 %2016-03: 5.75 %2016-04: 5.75 %2016-05: 5.75 %2016-06: 5.75 %2016-07: 5.75 %2016-08: 5.25 %2016-09: 5.25 %2016-10: 5.25 %2016-11: 5.25 %2016-12: 5 %2017-01: 5 %2017-02: 5 %2017-03: 5 %2017-04: 5 %2017-05: 4.75 %2017-06: 4.5 %2017-07: 4.5 %2017-08: 4.5 %2017-09: 4.5 %2017-10: 4.25 %2017-11: 4.25 %2017-12: 4.25 %2018-01: 4.25 %2018-02: 4.25 %2018-03: 4.25 %2018-04: 4.25 %2018-05: 4.25 %2018-06: 4.25 %2018-07: 4.25 %2018-08: 4.25 %2018-09: 4.25 %2018-10: 4.25 %2018-11: 4.5 %2018-12: 4.5 %2019-01: 4.5 %2019-02: 4.5 %2019-03: 4.5 %2019-04: 4.5 %2019-05: 4 %2019-06: 3.75 %2019-07: 3.75 %2019-08: 3.5 %2019-09: 3.5 %2019-10: 3.25 %2019-11: 3 %2019-12: 3 %2020-01: 3 %2020-02: 2.75 %2020-03: 1.75 %2020-04: 1.75 %2020-05: 1 %2020-06: 1 %2020-07: 1 %2020-08: 1 %2020-09: 1 %2020-10: 1 %2020-11: 0.75 %2020-12: 0.75 %2021-01: 0.75 %2021-02: 0.75 %2021-03: 0.75 %2021-04: 0.75 %2021-05: 1 %2021-06: 1 %2021-07: 1 %2021-08: 1.25 %2021-09: 1.25 %2021-10: 1.5 %2021-11: 2 %2021-12: 2 %2022-01: 2 %2022-02: 2.75 %2022-03: 2.75 %2022-04: 2.75 %2022-05: 3.75 %2022-06: 4.75 %2022-07: 4.75 %2022-08: 5.5 %2022-09: 5.5 %2022-10: 5.75 %2022-11: 6 %2022-12: 6 %2023-01: 6 %2023-02: 6.5 %2023-03: 7.5 %2023-04: 7.5 %2023-05: 8.75 %2023-06: 8.75 %2023-07: 8.75 %2023-08: 9.25 %2023-09: 9.25 %2023-10: 9.25 %2023-11: 9.25 %2023-12: 9.25 %2024-01: 9.25 %2024-02: 9.25 %2024-03: 9.25 %2024-04: 9.25 %2024-05: 9.25 %2024-06: 9.25 %2024-07: 9.25 %2024-08: 9.25 %2024-09: 9.25 %2024-10: 9 %2024-11: 8.5 %2024-12: 8.5 %2025-01: 8.5 %2025-02: 8 %2025-03: 7.75 %2025-04: 7.75 %2025-05: 7.5 %2025-06: 7.5 %2025-07: 7.5 %2025-08: 7.5 %2025-09: 7.5 %2025-10: 7.5 %2025-11: 7.25 %2025-12: 7.25 %2026-01: 7.25 %2026-02: 7.25 %2026-03: 7.5 %2026-04: 7.5 %2026-05: 7.75 %2026-06: 7.75 %2026-07: 7.75 %2026-08: 8 %2026-09: 8 %
%. Source: BIS. Retrieved 2026-10-09.
All 343 values
Period%
2026-098
2026-088
2026-077.75
2026-067.75
2026-057.75
2026-047.5
2026-037.5
2026-027.25
2026-017.25
2025-127.25
2025-117.25
2025-107.5
2025-097.5
2025-087.5
2025-077.5
2025-067.5
2025-057.5
2025-047.75
2025-037.75
2025-028
2025-018.5
2024-128.5
2024-118.5
2024-109
2024-099.25
2024-089.25
2024-079.25
2024-069.25
2024-059.25
2024-049.25
2024-039.25
2024-029.25
2024-019.25
2023-129.25
2023-119.25
2023-109.25
2023-099.25
2023-089.25
2023-078.75
2023-068.75
2023-058.75
2023-047.5
2023-037.5
2023-026.5
2023-016
2022-126
2022-116
2022-105.75
2022-095.5
2022-085.5
2022-074.75
2022-064.75
2022-053.75
2022-042.75
2022-032.75
2022-022.75
2022-012
2021-122
2021-112
2021-101.5
2021-091.25
2021-081.25
2021-071
2021-061
2021-051
2021-040.75
2021-030.75
2021-020.75
2021-010.75
2020-120.75
2020-110.75
2020-101
2020-091
2020-081
2020-071
2020-061
2020-051
2020-041.75
2020-031.75
2020-022.75
2020-013
2019-123
2019-113
2019-103.25
2019-093.5
2019-083.5
2019-073.75
2019-063.75
2019-054
2019-044.5
2019-034.5
2019-024.5
2019-014.5
2018-124.5
2018-114.5
2018-104.25
2018-094.25
2018-084.25
2018-074.25
2018-064.25
2018-054.25
2018-044.25
2018-034.25
2018-024.25
2018-014.25
2017-124.25
2017-114.25
2017-104.25
2017-094.5
2017-084.5
2017-074.5
2017-064.5
2017-054.75
2017-045
2017-035
2017-025
2017-015
2016-125
2016-115.25
2016-105.25
2016-095.25
2016-085.25
2016-075.75
2016-065.75
2016-055.75
2016-045.75
2016-035.75
2016-025.75
2016-015.75
2015-125.75
2015-115.75
2015-105.5
2015-095.5
2015-085.5
2015-075
2015-065
2015-054.5
2015-044.5
2015-034.5
2015-024.5
2015-014.5
2014-124.5
2014-115
2014-105.25
2014-095.25
2014-085.25
2014-075.25
2014-065.25
2014-055.25
2014-045.375
2014-035.375
2014-025.375
2014-015.375
2013-125.375
2013-115.375
2013-105.375
2013-095.375
2013-085.375
2013-075.375
2013-065.375
2013-055.375
2013-045.375
2013-035.375
2013-025.375
2013-015.375
2012-125.375
2012-115.375
2012-105.125
2012-095.125
2012-085.125
2012-075.125
2012-065.125
2012-054.875
2012-044.375
2012-034.375
2012-024.125
2012-014.125
2011-124.125
2011-114.125
2011-103.875
2011-093.875
2011-083.875
2011-073.625
2011-063.625
2011-053.625
2011-043.625
2011-033.625
2011-023.625
2011-013.875
2010-123.875
2010-114.625
2010-105.375
2010-095.375
2010-086.125
2010-077.125
2010-067.125
2010-057.625
2010-048.125
2010-038.125
2010-028.625
2010-018.625
2009-129.125
2009-119.625
2009-109.75
2009-099.5
2009-089.5
2009-079.5
2009-069.5
2009-059.5
2009-0412.5
2009-0317
2009-0218
2009-0118
2008-1218
2008-1118
2008-1018
2008-0915.5
2008-0815.5
2008-0715.5
2008-0615.5
2008-0515.5
2008-0415.5
2008-0315
2008-0213.75
2008-0113.75
2007-1213.75
2007-1113.75
2007-1013.3
2007-0913.3
2007-0813.3
2007-0713.3
2007-0613.3
2007-0513.3
2007-0413.3
2007-0313.3
2007-0213.3
2007-0113.3
2006-1213.3
2006-1113.09
2006-1013.09
2006-0913.09
2006-0812.65
2006-0712.21
2006-0611.54
2006-0511.54
2006-0410.87
2006-0310.87
2006-0210.2
2006-0110.2
2005-129.97
2005-119.75
2005-109.75
2005-099.75
2005-089.07
2005-079.07
2005-069.07
2005-058.61
2005-048.61
2005-038.61
2005-028.38
2005-017.92
2004-127.92
2004-116.99
2004-106.99
2004-096.53
2004-086.06
2004-076.06
2004-065.59
2004-055.35
2004-045.16
2004-035.16
2004-025.16
2004-015.16
2003-125.16
2003-115.16
2003-105.16
2003-095.16
2003-085.16
2003-075.16
2003-065.16
2003-055.16
2003-045.16
2003-035.16
2003-025.16
2003-015.63
2002-125.63
2002-116.1
2002-106.57
2002-096.85
2002-087.31
2002-078.15
2002-068.15
2002-058.42
2002-048.88
2002-039.15
2002-029.6
2002-019.6
2001-129.6
2001-119.6
2001-1010.33
2001-0910.33
2001-0810.33
2001-0710.33
2001-0610.33
2001-0510.33
2001-0410.33
2001-0310.33
2001-0210.77
2001-0110.77
2000-1210.77
2000-1110.77
2000-1010.77
2000-0910.06
2000-0810.06
2000-0710.06
2000-0610.06
2000-059.6
2000-049.6
2000-039.6
2000-029.6
2000-019.33
1999-128.6
1999-118.6
1999-108.6
1999-098.6
1999-088.05
1999-078.05
1999-068.05
1999-057.59
1999-047.59
1999-037.59
1999-027.59
1999-017.22
1998-127.22
1998-117.22
1998-107.22
1998-097.22
1998-086.94
1998-076.94
1998-066.94
1998-056.94
1998-046.94
1998-036.94

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.IS?format=csv. Retrieved 2026-10-09.

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Questions

What is the central bank policy rate in Iceland?

Central bank policy rate in Iceland was 8% in September 2026, according to Bank for International Settlements. That is up 0.5 pts from September 2025. That is the 5th highest of 36 countries in July 2026.

Where does this figure come from?

Bank for International Settlements. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in Iceland?

18% in October 2008, the highest value since March 1998 in this series.

More statistics for Iceland

All statistics for Iceland