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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland CBI Interest Rate Decision held to 9.25% in November 2023
FMPMonthlyReleased November 2023
Iceland CBI Interest Rate Decision held to 9.25% in November 2023. The reading matched the 9.25% consensus.
Latest Release
9.25
Actual
9.25
Consensus
9.25
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CBI Interest Rate Decision (Iceland) was reported at 9.25% in November 2023. This matched the market consensus of 9.25% exactly. The reading was unchanged from the previous release.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update November 2023.
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CBI Interest Rate Decision - IS
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About CBI Interest Rate Decision — Iceland
DEFINITION
The CBI Interest Rate Decision is a key financial indicator that reflects the Central Bank of Iceland's decision on whether to increase, decrease, or maintain the country's interest rates. This decision has a significant impact on the economy, as it can influence borrowing costs, inflation, and overall economic growth. Investors and businesses closely monitor this indicator as it provides insight into the current and future state of the Icelandic economy.
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2023): actual 9.25 %, consensus 9.25 %.