Central Bank of Iceland · 7-day term deposit rate
Iceland · ISK · Policy rate
The Central Bank of Iceland’s 7-day term deposit rate is 8.00 %, last changed on 19 Aug 2026 when it was raised by 25 bp from 7.75 %.
8.00 %
- Last change
- raised +25 bp·
- Previous rate
- 7.75 %
- Next decision
- —
- Latest observation
- Source
- BIS
8.00 % ·
2 Nov 20210.00 – 9.25 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 8.00 % | +25 bp | |
| 7.75 % | +25 bp | |
| 7.50 % | +25 bp | |
| 7.25 % | −25 bp | |
| 7.50 % | −25 bp | |
| 7.75 % | −25 bp | |
| 8.00 % | −50 bp | |
| 8.50 % | −50 bp | |
| 9.00 % | −25 bp |
Changes are dated by when they took effect; holds by the announcement day. We do not track this bank’s meeting calendar, so only changes are listed.
At a glance
- Economy
- Iceland
- Currency
- ISK
- Type
- Policy rate
- Set by
- Central Bank of Iceland
- History since
- 1998
- Changes in the last 12 months
- 4
Questions and answers
- What is the current Central Bank of Iceland interest rate?
- The Central Bank of Iceland’s 7-day term deposit rate is 8.00 %, last changed on 19 Aug 2026 when it was raised by 25 bp from 7.75 %.
- When did the Central Bank of Iceland last change its rate?
- On 19 Aug 2026, when the 7-day term deposit rate was raised by 25 bp to 8.00 % from 7.75 %.
- When is the next Central Bank of Iceland rate decision?
- The bank does not publish a decision calendar that we track.
Decisions by year since 2016
2026net +75 bp
| Date | Rate | Change |
|---|---|---|
| 8.00 % | +25 bp | |
| 7.75 % | +25 bp | |
| 7.50 % | +25 bp |
2025net −125 bp
| Date | Rate | Change |
|---|---|---|
| 7.25 % | −25 bp | |
| 7.50 % | −25 bp | |
| 7.75 % | −25 bp | |
| 8.00 % | −50 bp |
2024net −75 bp
| Date | Rate | Change |
|---|---|---|
| 8.50 % | −50 bp | |
| 9.00 % | −25 bp |
2023net +325 bp
| Date | Rate | Change |
|---|---|---|
| 9.25 % | +50 bp | |
| 8.75 % | +125 bp | |
| 7.50 % | +100 bp | |
| 6.50 % | +50 bp |
2022net +400 bp
| Date | Rate | Change |
|---|---|---|
| 6.00 % | +25 bp | |
| 5.75 % | +25 bp | |
| 5.50 % | +75 bp | |
| 4.75 % | +100 bp | |
| 3.75 % | +100 bp | |
| 2.75 % | +75 bp |
2021net +125 bp
| Date | Rate | Change |
|---|---|---|
| 2.00 % | +50 bp | |
| 1.50 % | −50 bp | |
| 2.00 % | +50 bp | |
| 1.50 % | +25 bp | |
| 1.25 % | +25 bp | |
| 1.00 % | +25 bp |
2020net −225 bp
| Date | Rate | Change |
|---|---|---|
| 0.75 % | −25 bp | |
| 1.00 % | −75 bp | |
| 1.75 % | −100 bp | |
| 2.75 % | −25 bp |
2019net −150 bp
| Date | Rate | Change |
|---|---|---|
| 3.00 % | −25 bp | |
| 3.25 % | −25 bp | |
| 3.50 % | −25 bp | |
| 3.75 % | −25 bp | |
| 4.00 % | −50 bp |
2018net +25 bp
| Date | Rate | Change |
|---|---|---|
| 4.50 % | +25 bp |
2017net −75 bp
| Date | Rate | Change |
|---|---|---|
| 4.25 % | −25 bp | |
| 4.50 % | −25 bp | |
| 4.75 % | −25 bp |
2016net −25 bp
| Date | Rate | Change |
|---|---|---|
| 5.00 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Europe
- Euro area · European Central Bank2.50 %
- United Kingdom · Bank of England3.75 %
- Switzerland · Swiss National Bank0.00 %
- Sweden · Sveriges Riksbank1.75 %
- Norway · Norges Bank4.50 %
- Czechia · Czech National Bank3.75 %
- Denmark · Danmarks Nationalbank2.10 %
- Hungary · Magyar Nemzeti Bank5.50 %
- North Macedonia · National Bank of the Republic of North Macedonia4.25 %
- Poland · Narodowy Bank Polski3.75 %
- Romania · National Bank of Romania6.50 %
- Russia · Bank of Russia14.00 %
- Serbia · National Bank of Serbia5.75 %
- Türkiye · Central Bank of the Republic of Türkiye36.00 %
Source: BIS central bank policy rates. Latest observation 27 Oct 2026. Refreshed every 30 minutes.