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Lower Interest Rates Mean that the Price Is Reduced.
Summary by Kringvarp Føroya
1 Articles
1 Articles
For the first time in five years, the price index has fallen, but not much, only 0.2 percent. It was 0.2 percent less in February this year than in February last year. The interest rate has dropped significantly. Therefore, the price index has decreased, says Statistics Iceland. The average interest rate has fallen more than 38 percent in the past year. But rent has become six percent more expensive. Prices rise 20 percent Otherwise, prices …
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