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 August 2026, compared to 8.11 in July 2026.
Sample. In this monthly series, there are 466 data points in total. The period covered by the series is from November 1987 to August 2026.
History. Here's a peek at some statistics calculated on the full sample: the interest rate reached its minimum of 1.28 per cent in November 2020; it recorded a maximum of 43.10 in July 1988; it averaged 9.27.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 8.11 |
| 2026-07-31 | 8.11 |
| 2026-08-31 | 8.34 |
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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.