Iceland's central bank expected to boost or hold interest rate

05/22/2008 | Bloomberg

Nine economists surveyed by Bloomberg expect the Central Bank of Iceland to either raise its benchmark interest rate today or hold it steady. The bank is struggling to reverse significant decline in the country's currency, the krona, and curb inflation, which is accelerating at its fastest pace in 18 years. Last week, central banks from three other Nordic countries offered to provide emergency funding to prop up Iceland's currency and financial system.

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