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Mortgage Review the Biggest Wage Issue

Summary by RÚV
The biggest wage issue is to review the housing loan system, says the Minister of Social Affairs, who fears that inflation will blow up collective agreements this autumn. The Minister of Finance shares the concerns. The current collective agreements in the general labor market contain a precondition clause - which means that if inflation has been above 4.7% for 12 months before September 1 this year, the agreement can be reviewed. Inflation is n…
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The biggest wage issue is to review the housing loan system, says the Minister of Social Affairs, who fears that inflation will blow up collective agreements this autumn. The Minister of Finance shares the concerns. The current collective agreements in the general labor market contain a precondition clause - which means that if inflation has been above 4.7% for 12 months before September 1 this year, the agreement can be reviewed. Inflation is n…

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RÚV broke the news in on Friday, March 20, 2026.
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