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| Policy rates continue to be high because of the IMF |
| Thursday, 24 September 2009 13:07 |
 Lilja Mosesdottir parliamentarian of the left wing party declares her disappointment on the decision of the monetary policy committee of the central bank of Iceland about not changing the policy rates. The central bank announced this morning that the policy rates are not changed and will so continue to be 12%. Lilja says that this decision can be traced back to pressure from the IMF but she says that the goal of the fund is to get stability on the currency and not prevent companies from going into bankruptcy and so prolong the depression. Lilja thinks that this decision of the monetary policy committee is going to cause that the opponents of the International Monetary Fund are going to increase in numbers here in Iceland.
News Article by noname Translated by Anya Original Article in Icelandic
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