Iceland Interest Rate
The key rate, the interest rate the Central Bank of Iceland sets to steer borrowing costs.
8.00%
Matches the latest releaseNot refreshed recently, awaiting the next release
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Jun 2014 to Oct 2026
Source: BIS central bank policy rates (WS_CBPOL, M.IS, extended with the daily series D.IS) · the Central Bank of Iceland's key rate (seven-day term deposits), end of month, from June 2014; the current month shows the latest rate.
Iceland Interest Rate in context
Worked out from the published series shown above.
In Iceland, the interest rate rose by 0.50pp over the year to Oct 2026, from 7.50% in Oct 2025.
Over the past five years it has ranged from 1.50% in Oct 2021 to 9.25% in Aug 2023.
Its average since Jun 2014 is 5.21%, and the latest reading is above that.
Iceland is 2nd of 40 countries in our Interest Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- BIS central bank policy rates (WS_CBPOL, M.IS, extended with the daily series D.IS)
- Series
- See the citation below
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not applicable, interest rates are not seasonally adjusted
- Latest observation
- Oct 2026
- Revision status
- Latest published estimate, subject to revision
The history starts in June 2014, when it took its current form; the BIS series runs back further using earlier, different rates, which are not shown.
Data refreshed 2026-10-16. Figures are the latest published observations and can be revised.
More Iceland indicators
Latest readings. Open any one for its full history.
Rankings
See every country we track, side by side.