Iceland Three Month Interbank Rate was quoted at 4.10 percent on Friday July 12. Interbank Rate in Iceland averaged 8.07 percent from 1998 until 2019, reaching an all time high of 18.47 percent in October of 2008 and a record low of 3.88 percent in February of 2011.
Interbank Rate in Iceland is expected to be 4.72 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Iceland to stand at 4.32 in 12 months time. In the long-term, the Iceland Three Month Interbank Rate is projected to trend around 4.47 percent in 2020, according to our econometric models.