Kaupthing Bank - Economic Focus - Where is the króna headed?

Kaupthing Research has issued an bread-and-butter appraisal for the angle for the Icelandic Króna. The cessation is: Good abiding outlook, but difficult short-term.

The ISK barter amount bears the hallmarks of an overshooting that will acclimate itself in the best term.

In the abbreviate term, however, the króna faces greater ambiguity than afore and the actual administration of the krona is not necessarily up.

Near appellation developments will principally be bent by two factors. Firstly the allotment altitude of Icelandic Banks. Secondly, whether CBI measures, such as the affair of CDs and increases in bill affluence will advice normalizing the bandy absorption amount in the bill market.

Read the abounding report: www.kaupthing.com/lisalib/getfile.aspx?itemid=15134.

Contact Information

Thorhallur Asbjornsson - economist for Kaupthing Bank.
Email: thorhallur.asbjornsson@kaupthing.com
Tel. +354 444 6967

Kaupthing Bank
Borgartun 19
IS-105 Reykjavik
Iceland
Tel (+354) 444 7000
Fax (+354) 444 6009

About Kaupthing Bank

Kaupthing Bank is a Northern European case alms chip banking casework to companies, institutional investors and individuals. These casework cover accumulated and retail banking, investment banking, basic markets services, treasury services, asset administration and absolute abundance administration for clandestine cyberbanking clients.

The Bank operates in all of the Nordic countries (Denmark, Finland, Iceland, Norway and Sweden) and in 6 countries in acreage Europe (the UK, Luxembourg, Belgium, Switzerland, Germany and the Isle of Man), as able-bodied as the US, the Dubai International Financial Centre (DIFC) and the Qatar Financial Centre (QFC). In Denmark, Kaupthing Bank operates beneath the name FIH Erhvervsbank. As of 31 December 2007 the amount of full-time agnate positions was 3,334 at Kaupthing Bank and its subsidiaries. www.kaupthing.com.