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View Full Version : Iceland's Central Bank Lowers Benchmark Interest Rate to 13% - Bloomberg



NewsWhore
05-07-2009, 06:30 AM
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Iceland&#39;s Central Bank Lowers Benchmark Interest Rate to 13% (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DazUgKDMzICa4%26refer%3Dhome&cid=1347291361&ei=M6wCStm7C5HpkAXL5LSnDw&usg=AFQjCNH1yx3nh3jXu9ADm7Nf0aNyTAlgMQ)
Bloomberg - Helga Kristin Einarsdottir (http://news.google.com/news?svnum=10&as_scoring=n&tab=wn&as_drrb=q&as_qdr=&as_mind=11&as_minm=7&as_maxd=10&as_maxm=8&q=author:%22Helga Kristin Einarsdottir%22&hl=en&ned=us&ie=ISO-8859-1)
The economy will slump 10.6 percent this year, the IMF estimates, after the failure of the island&#39;s financial system left the krona the pariah of currency markets. Capital restrictions are allowing the central bank to lower rates to help revive the ...


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