February 7, 2018 / 9:08 AM / 6 months ago

Icelandic central bank key interest rate unchanged at 4.25 percent

COPENHAGEN, Feb 7 (Reuters) - Iceland’s central bank kept its key deposit rate unchanged at 4.25 percent after a meeting on Wednesday and said it expected weaker economic growth in 2017 and 2018 compared with its previous forecast.

The bank forecast 2017 economic growth at 3.4 percent, compared with a November forecast of 3.7 percent growth.

The outlook for 2018 is 3.2 percent growth, slightly below its November forecast.

Reporting by Jacob Gronholt-Pedersen; Editing by Alison Williams

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