Central Bank of Iceland 1st in Europe to Raise Interest Rate to 7.5% Amid Iran Conflict

NAMPA / Sputnik

2026-03-18

MOSCOW, March 18 (RIA Novosti) - The Central Bank of Iceland said on Wednesday that it had raised its key interest rate to 7.5% from 7.25% marking the first rate hike in Western Europe amid the Middle East conflict and inflation. Analysts surveyed by Trading Economics had expected the figure to remain unchanged. This was the first increase since August 2023. "The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to rai......

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