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View Full Version : Iceland’s Central Bank Lowers Benchmark Rate to 15.5% - Bloomberg



NewsWhore
04-08-2009, 06:11 AM
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Iceland’s Central Bank Lowers Benchmark Rate to 15.5% (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Da6MmtOuwd6Mo%26refer%3Deurope&cid=1329100008&ei=qnncSaziFpv0MrjKjKYN&usg=AFQjCNGn7bVV-qVdCuI01u95F_A-nAE_QA)
Bloomberg
The economy will slump as much as 10.5 percent this year following the collapse of the north-Atlantic island’s banks and currency, the IMF estimates. The central bank sees scope for “significant” rate cuts, according to the minutes of its March 19 ...


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