Nov 5, 2010
| Last Updated
Iceland’s central bank governor stated on November 3, 2010, that there will be no fundamental changes to the current capital control regime before March 2011. The same day, Iceland’s central bank lowered its interest rates by 75 basis points, causing a drop in bond yields. Yields also fell as capital moved into bonds, given the longer-than-expected restrictions on investing abroad. Based on the central bank’s earlier communication, many investors believed controls would be relaxed shortly after the third IMF review, which took place in late September.
Iceland is currently[...]
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