The Bank of Iceland said in a research report to customers that if the inflation outlook continues to improve, the Bank of Iceland will begin a monetary policy easing cycle at the first interest rate meeting next year. The Bank of Iceland said that it is worth paying attention to whether the central bank's forecast still anticipates a rapid decline in inflation next year. If this is true and the forecast is true, we think the central bank will probably cut interest rates at the first interest rate meeting in the new year. The market expects the central bank to keep the interest rate unchanged at 8% at the interest rate meeting on November 18. The bank said that the statement and press conference wording of the latest interest rate resolution clearly indicate that the interest rate hike cycle is over. According to the Bank of Iceland, the latest economic data shows a significant slowdown in economic activity, so it is necessary to ease monetary tightening policies soon.

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