Central Bank RatesIceland policy rate in 2022 (6 changes)
Start of year2.00%
End of year6.00%Dec 30, 2022
Net change+400 bp6 hikes, 0 cuts
Average4.244%
Rank by level14 / 38
Changes in 2022
| Date | From | To | Change |
|---|---|---|---|
| Feb 9, 2022 | 2.00% | 2.75% | hike +75 bp |
| May 4, 2022 | 2.75% | 3.75% | hike +100 bp |
| Jun 22, 2022 | 3.75% | 4.75% | hike +100 bp |
| Aug 24, 2022 | 4.75% | 5.50% | hike +75 bp |
| Oct 5, 2022 | 5.50% | 5.75% | hike +25 bp |
| Nov 23, 2022 | 5.75% | 6.00% | hike +25 bp |
Compared with other areas at the end of 2022
13.75%
13%
12%
11.25%
10.5%
9%
7.5%
7.5%
7%
7%
6.75%
6.75%
6.25%
6%
5.5%
5.5%
5%
5%
4.75%
4.75%
4.375%
4.25%
4.25%
3.65%
3.5%
3.5%
3.25%
3.25%
3.1%
2.75%
2.75%
2.5%
2.5%
2.5%
1.75%
1.25%
1%
-0.1%
Year-end rate over time
8%
7.25%
8.5%
9.25%
6%
2%
0.75%
3%
4.5%
4.25%
5%
5.75%
4.5%
5.375%
5.375%
4.125%
3.875%
9.125%
18%
13.75%
13.3%
9.97%
7.92%
5.16%
5.63%
9.6%
10.77%
- 2000
- 2001
- 2002
- 2003
- 2004
- 2005
- 2006
- 2007
- 2008
- 2009
- 2010
- 2011
- 2012
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
- 2023
- 2024
- 2025
- 2026
2022: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.