Iceland keeps benchmark rate at 15.5% as country tops the Global Peace Index
May 22nd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank of Iceland has today kept its benchmark interest rate at 15.5%. Economists had expected it to raise the rate to boost its currency, the krona, which has fallen 20% against the euro this year. Despite economic woes, the quality of life in Iceland has been ranked as among the best in the world and this week, Iceland headed the Global Peace Index.