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rdf:type	schema:NewsArticle
schema:articleBody	Iceland's central bank raised its main interest rate Wednesday for the first time in nearly three years in response to good growth prospects and concerns about inflation. Global stock markets have been rocked in recent weeks by concerns that central banks will begin to unwind their easy money policies to tame a surge in inflation fuelled by the economic recovery. The European Central Bank, US Federal Reserve and Bank of England, however, have insisted that there is no need to raise rates for now. But Iceland pulled the trigger, raising its rate from 0.75 percent to 1.0 percent. "The outlook has improved since the Bank's last forecast, owing largely to signs of a stronger recovery of domestic demand," the Icelandic central bank said in a statement. The bank added that inflation has been higher and more persistent than previously forecast, measuring 4.6 percent in April. "Inflationary pressures appear to be widespread, as underlying inflation is broadly similar to headline inflation," the statement said. Production and distribution costs of goods have been pushed higher worldwide by disruptions caused by the pandemic while oil and commodity prices have surged, the bank said, while adding that the increases could be temporary. map/lth/wai
schema:headline	Iceland central bank raises key rate to tame inflation
schema:mentions	European Central Bank Interest rate Commodity Federal Reserve Iceland Inflation England Pandemic Central Bank of Iceland Headline inflation Unwind (novel) The Outlook (New York City)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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