The Construction Industry's Default Rate Has Nearly Tripled so Far This Year
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Industry associations say there is a strong argument for the central bank's monetary policy committee to keep the managerial rate unchanged. The current state of economic affairs calls for national reconciliation in the opinion of the organizations, which say that in the coming weeks there will be information that can have a decisive impact on the inflation outlook.
The Confederation of Icelandic Industries, SI, believes that the Monetary Policy Committee should keep the policy rate unchanged at 7.75%. Interest rates have been raised twice this year, by a total of half a percentage point. The Monetary Policy Committee will present its next interest rate decision on Wednesday. "The economy is cooling down rapidly, the level of monetary policy tightening is already high and in the coming weeks there will be i…
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