Iceland policy rate in 2026 (3 changes)

Start of year7.25%

Latest8.00%Oct 6, 2026

Net change+75 bp3 hikes, 0 cuts

Average7.604%

Rank by level5 / 38

Changes in 2026

Date	From	To	Change
Mar 18, 2026	7.25%	7.50%	hike +25 bp
May 20, 2026	7.50%	7.75%	hike +25 bp
Aug 19, 2026	7.75%	8.00%	hike +25 bp

Compared with other areas at the end of 2026

Türkiye37%

Russia14%

Brazil13.75%

Colombia12.25%

Iceland8%

South Africa7.25%

Romania6.5%

Mexico6.5%

Serbia5.75%

Indonesia5.75%

Hungary5.5%

India5.25%

Philippines5%

Saudi Arabia4.5%

Norway4.5%

Chile4.5%

Australia4.35%

Peru4.25%

North Macedonia4.25%

Hong Kong4.25%

United States3.875%

Poland3.75%

United Kingdom3.75%

Czechia3.75%

Kuwait3.5%

Israel3.25%

South Korea3%

China3%

New Zealand2.75%

Malaysia2.75%

Euro area2.5%

Morocco2.25%

Canada2.25%

Denmark2.1%

Sweden1.75%

Japan1.25%

Thailand1%

Switzerland0%

Year-end rate over time

20268%

20257.25%

20248.5%

20239.25%

20226%

20212%

20200.75%

20193%

20184.5%

20174.25%

20165%

20155.75%

20144.5%

20135.375%

20125.375%

20114.125%

20103.875%

20099.125%

200818%

200713.75%

200613.3%

20059.97%

20047.92%

20035.16%

20025.63%

20019.6%

200010.77%

← 2025

2026: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.