ML-Implode News - Iceland central bank preparing new weapons to fight capital rush

With interest rates higher in Iceland than in virtually every other developed economy in the world, Gudmundsson said, it was unlikely locals would be rushing to take their money out of their bank accounts. It was more likely foreign investors will put more in.
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"We are working on designing certain tools that hopefully we do not need to use often but are there on the shelf if capital inflows into the bond market are making it very difficult for us to run our own monetary policy," Gudmundsson said.

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Iceland central bank preparing new weapons to fight capital rush