The policy rates lower today by one percent. The money policy committee of the central bank of Iceland has decided to lower the interests in the credit accounts of deposit institutions by 0,5 percent down to 9%.

In the announcement says that the maximum amount for weekly auctions of balance bonds for 28 days will be increased from 25 billion króna into 30 billion króna with 9,5% minimum interests and 10,25% maximum interests. That includes a 0,25% raise of maximum interests.

It is not only the Icelandic specialists wh expect the policy rates of the central bank of Iceland are going to stay unchanged tomorrow, but also their foreign colleagues are predicting the same. Amongst them is Petter Sandgren director of the new market division of SEB.

"It would surprise me if they would change the policy rates," says Sandgren in a conversation with Reuters. "There are still too many uncertainty factors at hand."

Islandsbanki, liquidating committee of Glitnir on the behalf of the claim owners and the Icelandic government have signed contracts regarding the break between the old and new bank and the refinancing of Islandsbanki.

According to the information from Islandsbanki are the contracts built on a frame contract which was introduced on July 20th and includes the liquidating committee of Glitnir, on the behalf of the claim owners have a chance to come to own 95% of the shares in Islandsbanki before September 30th this year, or be paid in the form of a bond, issued by Islandsbanki and the purchase right of all up to 90% of the shares in the bank between 2011-2015.

Magnus Arni Skulason who has a seat in the bank council of the Central bank of Iceland on the behalf of the progressive party, contacted a large shareholder of Ossur orthopaedic manufacturer and an employee of the medical company Actavis in order to tell them about a preferable transactor (broker) for foreign currencies. In queston is the English broker company Snyder but the administration of the company are friends with Magnus Arni.

A video which is said to have been shown at the stimulus meeting of the high command of Kaupthing at the French Riviera in 2005, has been discussed amongst Icelandic bloggers for the past few days and has now raised attention outside of Iceland. The Danish newspaper Berlingske Tidende covers the video today and says it is a mark of the way of thinking within the bank and finally lead to the collapse of the bank.

The national radio has been announced that there is an injunction request on the way from Kaupthing, in order to ban further publishing of information from the documents from the loan committee meeting in Kaupthing. This was reported in the afternoon news of the national radio.

The documents were published on the website of Wikileaks and the media quoted the documents yesterday and today. It is expected that the injunction request will be taken in and processed by the government before the night.

The largest risk commitments of Kaupthing:

It looks to me like Ragnar [H. Hall] doesn't take into consideration the emergency laws in this regard. They alter the fundimental presumtions in regarding claims to the assets. According to them deposits are absolute preferential claims and equal' says Steingrímur J. Sigfússon minister of finance about the critique that Ragnar H. Hall barrister put forth in a news article in the Morgunblaðið yesterday.

Franek Rosvadovsky, representitive of the IMF in Iceland, saya in the news at the National Radio, that Icelands agreement with Britain and Holland about Icesave will not make the national economy go upside down.

He says though that he can't claim that these are the best possible agreements that are to be had.

The Prime Minister has appointed Már Guðmundsson in the office of Central Bank Manager for the next 5 years starting from the 20th of August 2009 and Arnór Sighvatsson in the office of Assistant Central Bank Managera for 4 years starting from the 1st of July 2009.

Geir H. Haarde, then PM, asked the states lawyer in November to work on a report about a possible rulingparties in the debate of Icelanders on the one hand and Brits/Dutch on the other hand because of the Icesave matter. The report was made by University teachers Björg Thorarensen, Stefán Már Stefánsson and Víðir Már Matthíasson.