Central Bank of Iceland
Central Bank term deposit rate, 8.00% since 19 August 2026.
as of 2026-09-08 · BIS daily levels · 115 decisions since 1998
Iceland·ISK·all central banks2026-09-08 · 8.00%
Every decision
Newest first; a shaded row marks a change of instrument.
| Date | Level | Change | Instrument |
|---|---|---|---|
| 2026-08-19 | 8.00% | +0.25% | Central Bank term deposit rate |
| 2026-05-20 | 7.75% | +0.25% | Central Bank term deposit rate |
| 2026-03-18 | 7.50% | +0.25% | Central Bank term deposit rate |
| 2025-11-19 | 7.25% | −0.25% | Central Bank term deposit rate |
| 2025-05-21 | 7.50% | −0.25% | Central Bank term deposit rate |
| 2025-03-19 | 7.75% | −0.25% | Central Bank term deposit rate |
| 2025-02-05 | 8.00% | −0.50% | Central Bank term deposit rate |
| 2024-11-20 | 8.50% | −0.50% | Central Bank term deposit rate |
| 2024-10-02 | 9.00% | −0.25% | Central Bank term deposit rate |
| 2023-08-23 | 9.25% | +0.50% | Central Bank term deposit rate |
| 2023-05-24 | 8.75% | +1.25% | Central Bank term deposit rate |
| 2023-03-22 | 7.50% | +1.00% | Central Bank term deposit rate |
| 2023-02-08 | 6.50% | +0.50% | Central Bank term deposit rate |
| 2022-11-23 | 6.00% | +0.25% | Central Bank term deposit rate |
| 2022-10-05 | 5.75% | +0.25% | Central Bank term deposit rate |
| 2022-08-24 | 5.50% | +0.75% | Central Bank term deposit rate |
| 2022-06-22 | 4.75% | +1.00% | Central Bank term deposit rate |
| 2022-05-04 | 3.75% | +1.00% | Central Bank term deposit rate |
| 2022-02-09 | 2.75% | +0.75% | Central Bank term deposit rate |
| 2021-11-17 | 2.00% | +0.50% | Central Bank term deposit rate |
| 2021-10-06 | 1.50% | +0.25% | Central Bank term deposit rate |
| 2021-08-25 | 1.25% | +0.25% | Central Bank term deposit rate |
| 2021-05-19 | 1.00% | +0.25% | Central Bank term deposit rate |
| 2020-11-18 | 0.75% | −0.25% | Central Bank term deposit rate |
| 2020-05-20 | 1.00% | −0.75% | Central Bank term deposit rate |
| 2020-03-18 | 1.75% | −0.50% | Central Bank term deposit rate |
| 2020-03-11 | 2.25% | −0.50% | Central Bank term deposit rate |
| 2020-02-05 | 2.75% | −0.25% | Central Bank term deposit rate |
| 2019-11-06 | 3.00% | −0.25% | Central Bank term deposit rate |
| 2019-10-02 | 3.25% | −0.25% | Central Bank term deposit rate |
| 2019-08-28 | 3.50% | −0.25% | Central Bank term deposit rate |
| 2019-06-26 | 3.75% | −0.25% | Central Bank term deposit rate |
| 2019-05-22 | 4.00% | −0.50% | Central Bank term deposit rate |
| 2018-11-07 | 4.50% | +0.25% | Central Bank term deposit rate |
| 2017-10-04 | 4.25% | −0.25% | Central Bank term deposit rate |
| 2017-06-14 | 4.50% | −0.25% | Central Bank term deposit rate |
| 2017-05-17 | 4.75% | −0.25% | Central Bank term deposit rate |
| 2016-12-14 | 5.00% | −0.25% | Central Bank term deposit rate |
| 2016-08-24 | 5.25% | −0.50% | Central Bank term deposit rate |
| 2015-11-04 | 5.75% | +0.25% | Central Bank term deposit rate |
| 2015-08-19 | 5.50% | +0.50% | Central Bank term deposit rate |
| 2015-06-10 | 5.00% | +0.50% | Central Bank term deposit rate |
| 2014-12-10 | 4.50% | −0.50% | Central Bank term deposit rate |
| 2014-11-05 | 5.00% | −0.25% | Central Bank term deposit rate |
| 2014-05-21 | 5.25% | — | Central Bank term deposit rate |
| 2014-05-21: Instrument switched from average of the current account rate and the maximum rate on 28-day certificates of deposits to Central Bank term deposit rate, per BIS's own era text. | |||
| 2012-11-14 | 5.375% | +0.25% | average of the current account rate a... |
| 2012-06-13 | 5.125% | +0.25% | average of the current account rate a... |
| 2012-05-16 | 4.875% | +0.50% | average of the current account rate a... |
| 2012-03-21 | 4.375% | +0.25% | average of the current account rate a... |
| 2011-11-02 | 4.125% | +0.25% | average of the current account rate a... |
| 2011-08-17 | 3.875% | +0.25% | average of the current account rate a... |
| 2011-02-02 | 3.625% | −0.25% | average of the current account rate a... |
| 2010-12-08 | 3.875% | −0.75% | average of the current account rate a... |
| 2010-11-03 | 4.625% | −0.75% | average of the current account rate a... |
| 2010-09-22 | 5.375% | −0.75% | average of the current account rate a... |
| 2010-08-19 | 6.125% | −0.50% | average of the current account rate a... |
| 2010-08-18 | 6.625% | −0.50% | average of the current account rate a... |
| 2010-06-23 | 7.125% | −0.50% | average of the current account rate a... |
| 2010-05-05 | 7.625% | −0.50% | average of the current account rate a... |
| 2010-03-17 | 8.125% | −0.50% | average of the current account rate a... |
| 2010-01-27 | 8.625% | −0.50% | average of the current account rate a... |
| 2009-12-10 | 9.125% | −0.50% | average of the current account rate a... |
| 2009-11-05 | 9.625% | −0.13% | average of the current account rate a... |
| 2009-10-01 | 9.75% | — | average of the current account rate a... |
| 2009-10-01: Instrument switched from current account rate to average of the current account rate and the maximum rate on 28-day certificates of deposits, per BIS's own era text. | |||
| 2009-05-07 | 9.50% | −3.00% | current account rate |
| 2009-04-08 | 12.50% | −1.50% | current account rate |
| 2009-04-01 | 14.00% | — | current account rate |
| 2009-04-01: Instrument switched from 7 day collateralised lending rate to current account rate, per BIS's own era text. | |||
| 2009-03-19 | 17.00% | −1.00% | 7 day collateralised lending rate |
| 2008-10-28 | 18.00% | +6.00% | 7 day collateralised lending rate |
| 2008-10-15 | 12.00% | −3.50% | 7 day collateralised lending rate |
| 2008-04-10 | 15.50% | +0.50% | 7 day collateralised lending rate |
| 2008-03-25 | 15.00% | +1.25% | 7 day collateralised lending rate |
| 2007-11-01 | 13.75% | +0.45% | 7 day collateralised lending rate |
| 2006-12-21 | 13.30% | +0.21% | 7 day collateralised lending rate |
| 2006-09-14 | 13.09% | +0.44% | 7 day collateralised lending rate |
| 2006-08-16 | 12.65% | +0.44% | 7 day collateralised lending rate |
| 2006-07-06 | 12.21% | +0.67% | 7 day collateralised lending rate |
| 2006-05-18 | 11.54% | +0.67% | 7 day collateralised lending rate |
| 2006-03-30 | 10.87% | +0.67% | 7 day collateralised lending rate |
| 2006-01-26 | 10.20% | +0.23% | 7 day collateralised lending rate |
| 2005-12-02 | 9.97% | +0.22% | 7 day collateralised lending rate |
| 2005-10-12 | 9.75% | +0.75% | 7 day collateralised lending rate |
| 2005-10-10 | 9.00% | −0.75% | 7 day collateralised lending rate |
| 2005-09-29 | 9.75% | +0.68% | 7 day collateralised lending rate |
| 2005-06-03 | 9.07% | +0.46% | 7 day collateralised lending rate |
| 2005-03-22 | 8.61% | +0.23% | 7 day collateralised lending rate |
| 2005-02-18 | 8.38% | +0.46% | 7 day collateralised lending rate |
| 2004-12-02 | 7.92% | +0.93% | 7 day collateralised lending rate |
| 2004-10-29 | 6.99% | +0.46% | 7 day collateralised lending rate |
| 2004-09-17 | 6.53% | +0.47% | 7 day collateralised lending rate |
| 2004-07-01 | 6.06% | +0.47% | 7 day collateralised lending rate |
| 2004-06-01 | 5.59% | +0.24% | 7 day collateralised lending rate |
| 2004-05-06 | 5.35% | +0.19% | 7 day collateralised lending rate |
| 2003-02-10 | 5.16% | −0.47% | 7 day collateralised lending rate |
| 2002-12-12 | 5.63% | −0.47% | 7 day collateralised lending rate |
| 2002-11-06 | 6.10% | −0.47% | 7 day collateralised lending rate |
| 2002-10-15 | 6.57% | −0.28% | 7 day collateralised lending rate |
| 2002-09-18 | 6.85% | −0.46% | 7 day collateralised lending rate |
| 2002-08-30 | 7.31% | −0.28% | 7 day collateralised lending rate |
| 2002-08-01 | 7.59% | −0.56% | 7 day collateralised lending rate |
| 2002-06-18 | 8.15% | −0.27% | 7 day collateralised lending rate |
| 2002-05-16 | 8.42% | −0.46% | 7 day collateralised lending rate |
| 2002-04-30 | 8.88% | −0.27% | 7 day collateralised lending rate |
| 2002-03-26 | 9.15% | −0.45% | 7 day collateralised lending rate |
| 2001-11-08 | 9.60% | −0.73% | 7 day collateralised lending rate |
| 2001-03-27 | 10.33% | −0.44% | 7 day collateralised lending rate |
| 2000-10-31 | 10.77% | +0.71% | 7 day collateralised lending rate |
| 2000-06-16 | 10.06% | +0.46% | 7 day collateralised lending rate |
| 2000-02-11 | 9.60% | +0.27% | 7 day collateralised lending rate |
| 2000-01-11 | 9.33% | +0.73% | 7 day collateralised lending rate |
| 1999-09-17 | 8.60% | +0.55% | 7 day collateralised lending rate |
| 1999-06-15 | 8.05% | +0.46% | 7 day collateralised lending rate |
| 1999-02-23 | 7.59% | +0.37% | 7 day collateralised lending rate |
| 1998-09-04 | 7.22% | +0.28% | 7 day collateralised lending rate |
| 1998-03-02 | 6.94% | — | 7 day collateralised lending rate |
2026-08-198.00%
Central Bank term deposit rate+0.25%
2026-05-207.75%
Central Bank term deposit rate+0.25%
2026-03-187.50%
Central Bank term deposit rate+0.25%
2025-11-197.25%
Central Bank term deposit rate−0.25%
2025-05-217.50%
Central Bank term deposit rate−0.25%
2025-03-197.75%
Central Bank term deposit rate−0.25%
2025-02-058.00%
Central Bank term deposit rate−0.50%
2024-11-208.50%
Central Bank term deposit rate−0.50%
2024-10-029.00%
Central Bank term deposit rate−0.25%
2023-08-239.25%
Central Bank term deposit rate+0.50%
2023-05-248.75%
Central Bank term deposit rate+1.25%
2023-03-227.50%
Central Bank term deposit rate+1.00%
Show all 118 decisions
2023-02-086.50%
Central Bank term deposit rate+0.50%
2022-11-236.00%
Central Bank term deposit rate+0.25%
2022-10-055.75%
Central Bank term deposit rate+0.25%
2022-08-245.50%
Central Bank term deposit rate+0.75%
2022-06-224.75%
Central Bank term deposit rate+1.00%
2022-05-043.75%
Central Bank term deposit rate+1.00%
2022-02-092.75%
Central Bank term deposit rate+0.75%
2021-11-172.00%
Central Bank term deposit rate+0.50%
2021-10-061.50%
Central Bank term deposit rate+0.25%
2021-08-251.25%
Central Bank term deposit rate+0.25%
2021-05-191.00%
Central Bank term deposit rate+0.25%
2020-11-180.75%
Central Bank term deposit rate−0.25%
2020-05-201.00%
Central Bank term deposit rate−0.75%
2020-03-181.75%
Central Bank term deposit rate−0.50%
2020-03-112.25%
Central Bank term deposit rate−0.50%
2020-02-052.75%
Central Bank term deposit rate−0.25%
2019-11-063.00%
Central Bank term deposit rate−0.25%
2019-10-023.25%
Central Bank term deposit rate−0.25%
2019-08-283.50%
Central Bank term deposit rate−0.25%
2019-06-263.75%
Central Bank term deposit rate−0.25%
2019-05-224.00%
Central Bank term deposit rate−0.50%
2018-11-074.50%
Central Bank term deposit rate+0.25%
2017-10-044.25%
Central Bank term deposit rate−0.25%
2017-06-144.50%
Central Bank term deposit rate−0.25%
2017-05-174.75%
Central Bank term deposit rate−0.25%
2016-12-145.00%
Central Bank term deposit rate−0.25%
2016-08-245.25%
Central Bank term deposit rate−0.50%
2015-11-045.75%
Central Bank term deposit rate+0.25%
2015-08-195.50%
Central Bank term deposit rate+0.50%
2015-06-105.00%
Central Bank term deposit rate+0.50%
2014-12-104.50%
Central Bank term deposit rate−0.50%
2014-11-055.00%
Central Bank term deposit rate−0.25%
2014-05-215.25%
Central Bank term deposit rate—
2014-05-21: Instrument switched from average of the current account rate and the maximum rate on 28-day certificates of deposits to Central Bank term deposit rate, per BIS's own era text.
2012-11-145.375%
average of the current account rate a...+0.25%
2012-06-135.125%
average of the current account rate a...+0.25%
2012-05-164.875%
average of the current account rate a...+0.50%
2012-03-214.375%
average of the current account rate a...+0.25%
2011-11-024.125%
average of the current account rate a...+0.25%
2011-08-173.875%
average of the current account rate a...+0.25%
2011-02-023.625%
average of the current account rate a...−0.25%
2010-12-083.875%
average of the current account rate a...−0.75%
2010-11-034.625%
average of the current account rate a...−0.75%
2010-09-225.375%
average of the current account rate a...−0.75%
2010-08-196.125%
average of the current account rate a...−0.50%
2010-08-186.625%
average of the current account rate a...−0.50%
2010-06-237.125%
average of the current account rate a...−0.50%
2010-05-057.625%
average of the current account rate a...−0.50%
2010-03-178.125%
average of the current account rate a...−0.50%
2010-01-278.625%
average of the current account rate a...−0.50%
2009-12-109.125%
average of the current account rate a...−0.50%
2009-11-059.625%
average of the current account rate a...−0.13%
2009-10-019.75%
average of the current account rate a...—
2009-10-01: Instrument switched from current account rate to average of the current account rate and the maximum rate on 28-day certificates of deposits, per BIS's own era text.
2009-05-079.50%
current account rate−3.00%
2009-04-0812.50%
current account rate−1.50%
2009-04-0114.00%
current account rate—
2009-04-01: Instrument switched from 7 day collateralised lending rate to current account rate, per BIS's own era text.
2009-03-1917.00%
7 day collateralised lending rate−1.00%
2008-10-2818.00%
7 day collateralised lending rate+6.00%
2008-10-1512.00%
7 day collateralised lending rate−3.50%
2008-04-1015.50%
7 day collateralised lending rate+0.50%
2008-03-2515.00%
7 day collateralised lending rate+1.25%
2007-11-0113.75%
7 day collateralised lending rate+0.45%
2006-12-2113.30%
7 day collateralised lending rate+0.21%
2006-09-1413.09%
7 day collateralised lending rate+0.44%
2006-08-1612.65%
7 day collateralised lending rate+0.44%
2006-07-0612.21%
7 day collateralised lending rate+0.67%
2006-05-1811.54%
7 day collateralised lending rate+0.67%
2006-03-3010.87%
7 day collateralised lending rate+0.67%
2006-01-2610.20%
7 day collateralised lending rate+0.23%
2005-12-029.97%
7 day collateralised lending rate+0.22%
2005-10-129.75%
7 day collateralised lending rate+0.75%
2005-10-109.00%
7 day collateralised lending rate−0.75%
2005-09-299.75%
7 day collateralised lending rate+0.68%
2005-06-039.07%
7 day collateralised lending rate+0.46%
2005-03-228.61%
7 day collateralised lending rate+0.23%
2005-02-188.38%
7 day collateralised lending rate+0.46%
2004-12-027.92%
7 day collateralised lending rate+0.93%
2004-10-296.99%
7 day collateralised lending rate+0.46%
2004-09-176.53%
7 day collateralised lending rate+0.47%
2004-07-016.06%
7 day collateralised lending rate+0.47%
2004-06-015.59%
7 day collateralised lending rate+0.24%
2004-05-065.35%
7 day collateralised lending rate+0.19%
2003-02-105.16%
7 day collateralised lending rate−0.47%
2002-12-125.63%
7 day collateralised lending rate−0.47%
2002-11-066.10%
7 day collateralised lending rate−0.47%
2002-10-156.57%
7 day collateralised lending rate−0.28%
2002-09-186.85%
7 day collateralised lending rate−0.46%
2002-08-307.31%
7 day collateralised lending rate−0.28%
2002-08-017.59%
7 day collateralised lending rate−0.56%
2002-06-188.15%
7 day collateralised lending rate−0.27%
2002-05-168.42%
7 day collateralised lending rate−0.46%
2002-04-308.88%
7 day collateralised lending rate−0.27%
2002-03-269.15%
7 day collateralised lending rate−0.45%
2001-11-089.60%
7 day collateralised lending rate−0.73%
2001-03-2710.33%
7 day collateralised lending rate−0.44%
2000-10-3110.77%
7 day collateralised lending rate+0.71%
2000-06-1610.06%
7 day collateralised lending rate+0.46%
2000-02-119.60%
7 day collateralised lending rate+0.27%
2000-01-119.33%
7 day collateralised lending rate+0.73%
1999-09-178.60%
7 day collateralised lending rate+0.55%
1999-06-158.05%
7 day collateralised lending rate+0.46%
1999-02-237.59%
7 day collateralised lending rate+0.37%
1998-09-047.22%
7 day collateralised lending rate+0.28%
1998-03-026.94%
7 day collateralised lending rate—
Where these numbers come from
Derived entirely from BIS daily policy-rate levels (WS_CBPOL); every day the level differs from the prior day is a change day. Instrument eras parsed from the BIS COMPILATION field (4 era(s)).