Iceland"s Central Bank Governor, Asgeir Jonsson, has indicated that there will be a gradual easing of monetary policy in the coming year.
Despite forecasts of stagnation for 2024, the Atlantic economy has been resilient and continues to withstand the highest borrowing costs in Western Europe.
Jonsson described the recent half-point key rate cut as a significant step towards alleviating economic restrictions after a period of overheating.
The governor"s remarks highlight the central bank"s approach to managing the current economic landscape and addressing inflationary pressures.