© Reuters. FILE PHOTO: Iceland’s national flag and a church are seen in the town of Vik, Iceland April 22, 2010. REUTERS/Lucas Jackson
COPENHAGEN (Reuters) – Iceland’s central bank raised its key policy rate by 100 basis points to 4.75% on Wednesday, the third hike this year, to cope with increasing inflationary pressure.
Iceland’s central bank raises interest rate to 4.75%