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Watch an audio slideshow of how traditional Icelandic rhubarb stew is made. Rhubarb is one of the few vegetables that grows effortlessly in Iceland and for that reason it used to be a highly-valued addition to the traditional diet of fish and lamb.
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The Central Bank of Iceland announced in a statement today that it would keep the bank’s interest rates unchanged.
The Central Bank of Iceland. Photo copyright Icelandic Photo Agency.
The overnight lending rate stands at 7 percent and the seven-day collateralized lending rate 6 percent.
Weaker growth than was forecast in February is expected but the suspension of the bank's program of regular foreign currency purchases and the support of the exchange rate of the króna with foreign exchange intervention has “proven effective,” the bank stated.
The bank's Monetary Policy Committee states that inflation, currently 4.8 percent, was considerably higher in February than previously anticipated but noted that the króna has appreciated since February.
The overall outlook is for continued gradual economic recovery. However, “if inflation declines more slowly than was previously forecast, it will be necessary to reduce the monetary slack sooner than would otherwise be required,” a statement says.
ZR
Icelandic mountaineer Ingólfur Geir Gissurarson made it up the summit of the world’s highest mountain, Everest at 8,848 meters, by the South East Ridge at 1 am Icelandic time last night. At 50, he is the fifth and oldest Icelander to make the climb.
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The Identification Committee of the National Commissioner of the Icelandic Police is working on the identification of a body swept up on the beach at Kaldbaksvík in Strandir, the eastern West Fjords, on Saturday. The body was found by travelers in the area.
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Outgoing Prime Minister of Iceland Jóhanna Sigurðardóttir stated that The Simpsons episode which was dedicated to Iceland and premiered on Sunday had definitely served as good promotion for the country.
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The party council of the Independence Party and central committee of the Progressive Party have been called to separate meetings tonight to discuss the planned coalition of the two parties in Iceland’s next government.
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The 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.
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REVIEWS
The 11th Reykjavík Shorts & Docs. Catch it while it lasts!
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Artist couple Nína Ivanova and Ómar Smári Kristinsson explain why they decided to settle in the West Fjords’ capital.
Reykjavík Queer Choir’s annual spring concert takes place on Friday, May 24.
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