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Central banksJanuary 6 2023

Central Bank of Iceland governor cautious despite economic growth

The Central Bank of Iceland governor talks about its new financial stability powers and its policies to prevent too much leverage.
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Central Bank of Iceland governor cautious despite economic growth

The collapse of Iceland’s banking system and economy in 2008 is not something you easily forget.

But recently, it has stood out for different reasons. While growth in other Western economies has slowed, gross domestic product (GDP) growth in Iceland for the first nine months of 2022 was around 7% — its strongest since 2007.

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Anita Hawser is the Europe editor at The Banker. For the past 20 years, Anita has worked as a freelance journalist for a range of banking, finance and tech titles covering topics such as cybersecurity, financial crime, cryptocurrencies, payments, trade and supply chain finance. Before joining The Banker, Anita was Europe editor at Global Finance.
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