Short-term interest rate (per cent) - Iceland - OECD - Monthly
This series is part of the dataset: OECD interest rates
Download Full Dataset (.xlsx)Latest updates. In Iceland, the short-term interest rate stood at 8.34 per cent in September 2026, the same as in the previous month.
Sample. There are 467 records overall in the monthly time series presented in the figure above. The series covers the time period going from November 1987 to September 2026.
History. Check out a few descriptive statistics we calculated on the entire sample: the interest rate reached a trough of 1.28 per cent in November 2020; it reached a maximum of 43.10 per cent in July 1988; it had an average value of 9.27 per cent.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 8.11000 |
| 2026-08-31 | 8.34000 |
| 2026-09-30 | 8.34000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Short-term interest rate |
| Country | Iceland |
| Economic concept | Interest rate |
| Data type | Annual interest rate |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Level |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | OECD |
| Source type | International organization |
| Data licence | Redistributable with citation |
| Other information | Short-term interest rates are the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market. |
| FSR temporal aggregation code | LM1 |
Series in the same data set
Discover the other time series included in this data set.