Iceland’s central bank unexpectedly cut borrowing costs to the lowest level in more than two years as officials signaled reduced concerns over inflation in the Atlantic nation while the economy is contracting.
Iceland’s central bank unexpectedly cut borrowing costs to the lowest level in more than two years as officials signaled reduced concerns over inflation in the Atlantic nation while the economy is contracting.
Shoppers pass stores on Laugavegur in Reykjavik. Photographer: Heida Helgadottir/Bloomberg