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No Need to Look for Culprits for Inflation
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The Central Bank raised the policy rate yesterday by 0.25 percentage points, bringing it to 7.5 percent. Inflation is measured at 5.2 percent, which means that the basis for collective agreements this autumn is in jeopardy. Halla Gunnarsdóttir, chairwoman of VR, says wage increases are the only tool the labor movement has. Þorsteinn Víglundsson, chairwoman of the Confederation of Icelandic Industries, says it is necessary to listen to the defens…
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