Economist Konráð S. Guðjónsson believes that inflation in Iceland will not fall below 4 percent this year, making it highly unlikely that the Central Bank will cut interest rates in the first half of the year, especially if inflation measurements remain unfavorable.

Economist Konráð S. Guðjónsson states that the latest inflation measurement from Statistics Iceland is worse than most anticipated, describing the reading as bad in most respects.