Iceland central bank raises rates, first time since 2012
Iceland central bank
Reykjavik - Arab Today
Iceland's central bank said Wednesday it had raised its interest rates for the first time since November 2012, citing the risk of rising inflation as the economy accelerates.
The bank hiked the seven-day collateralised lending rate by 0.5 points to 5.75 percent, while the seven-day term deposit rate was increased by the same amount to 5.0 percent.
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