Iceland policy rate

The central bank policy rate for Iceland from the BIS dataset: the latest level, the recent changes and the daily history since 1998.

Download CSV

8.00%

Policy rate, BIS

as of 6 October 2026

2026-08-19

Last change

to 8.00% from 7.75%

1998

History since

7,157 daily observations

As of 2026-10-06.

The BIS often publishes several business days after a decision, so a decision after 6 October 2026 isn't in this figure yet.

Recent rate changes

Date	New rate
2026-08-19	8.00%
2026-05-20	7.75%
2026-03-18	7.50%
2025-11-19	7.25%
2025-05-21	7.50%
2025-03-19	7.75%
2025-02-05	8.00%
2024-11-20	8.50%
2024-10-02	9.00%
2023-08-23	9.25%
2023-05-24	8.75%
2023-03-22	7.50%
2023-02-08	6.50%
2022-11-23	6.00%
2022-10-05	5.75%
2022-08-24	5.50%
2022-06-22	4.75%
2022-05-04	3.75%
2022-02-09	2.75%
2021-11-17	2.00%
2021-10-06	1.50%
2021-08-25	1.25%
2021-05-19	1.00%
2020-11-18	0.75%
2020-05-20	1.00%

What the latest data says

The latest BIS figure for the Iceland policy rate is 8.00%, as of 6 October 2026. The last change in the series was a rise of 25 basis points on 19 August 2026. The last three changes on record took the rate higher. Since 20 May 2020 it has ranged from 0.75% (18 November 2020) to 9.25% (23 August 2023).

What this data is

Policy rates for Iceland

The Bank for International Settlements maintains a single daily series of every major central bank's policy rate, on the same basis and in the same file. That's the source here. For each economy the page shows the current rate, when it last changed and by how much, and the history back to the start of the series.

Policy rates anchor short-term borrowing costs in a currency.

This page follows Iceland only. The full list and the cross-market view live on the Policy rates hub.

Source and updates

Source: BIS policy rate statistics (daily)
Credit: BIS.
Updates: When the BIS publishes, often several business days after a decision. Last update 2026-10-06.
History: 2 March 1998.
This series: 7,157 daily observations, 1998-03-02 to 2026-10-06.114 observations where the rate differs from the one before, since 2 March 1998.
Get the data: JSON API and CSV download10 requests a minute without a key, 30 with a free key from a free account.

How to read it

Count the steps, not the basis points. A bank that has moved three times in one direction is in a cycle.
Rate differentials between two economies are what carry trades and currency futures respond to. Pair this page with the COT currency markets.
The last-change date tells you how long a bank has held; a long pause after a run of moves means the bank is waiting.

Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.

Frequently Asked Questions

What is the current policy rate in Iceland?

8.00% in the BIS central bank policy rates dataset, as of 6 October 2026. The BIS often publishes several business days after a decision, so a decision after that date isn't in this figure yet.

How often does this update?

When the BIS publishes, often several business days after a decision.

How do I get this via API?

GET /api/markets/rates/is returns the daily series as JSON, newest first. History starts in 1998; the free API returns the last six months. 10 requests a minute without a key, 30 with a free key.

What counts as a rate change?

Any day the reported policy rate differs from the previous day. The recent changes table shows the decision dates and new levels.

Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.