[Dow Jones] The ISK is little changed so far in the wake of the Icelandic central bank's decision to hike its key repo rate by 75bp to 13%.
Economists had expected at least a 50bp move while acknowledging the risks of a more aggressive rise. Policy could well be tightened again mid-August. USD/ISK is around 75.26 from 75.27 before the news. (NAK)
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