UPDATE 1-Iceland cenbank cuts rates again, sees biggest contraction in century
Iceland’s central bank cut
its key interest rate on Wednesday to 1.0%, its fourth reduction
this year, and said the economy could shrink by as much as 8%,
the biggest contraction in a century, due to the coronavirus
pandemic.
its key interest rate on Wednesday to 1.0%, its fourth reduction
this year, and said the economy could shrink by as much as 8%,
the biggest contraction in a century, due to the coronavirus
pandemic.
Posted by Reuters