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 8.11 per cent in June 2026, the same as in May 2026.
Sample. There are 464 records overall in the monthly time series presented in the plot above. The time span covered by the series extends from November 1987 to June 2026.
History. Here’s a quick look at some statistics computed on the full sample: the interest rate had a mean value of 9.27 per cent; it hit a peak of 43.10 in July 1988; it hit a minimum of 1.28 in November 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 7.88 |
| 2026-05-31 | 8.11 |
| 2026-06-30 | 8.11 |
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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.