Central Bank of Iceland

BankingReykjavík, Iceland201-500 Employees

The Central Bank of Iceland is an independent institution owned by the State. The Act on the Central Bank of Iceland, no. 92/2019, stipulates that the Bank shall promote price stability, financial stability, and sound and secure financial activities. The Bank’s activities fall within the purview of the Prime Minister, but matters relating to financial stability and financial markets are administered by the Ministry of Finance and Economic Affairs. In addition to the above-listed roles, the Bank shall undertake such tasks as are consistent with its role as a central bank, such as maintaining international reserves and promoting a safe, effective financial system, including domestic and cross-border payment intermediation.

The Bank is also required under the Central Bank Act to promote the implementation of the Government’s economic policy as long as it does not consider such policy inconsistent with the Bank’s objectives.

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