Iceland’s central bank lowers interest rates by 1 percentage point to 12 percent

LONDON — Iceland’s central bank cut official interest rates by 1 percentage point to 12 percent on Thursday as it attempts to bolster the tiny island nation’s recession-struck economy, defying warnings against further trims from the International Monetary Fund.

Iceland’s central bank lowers interest rates by 2.5 percentage points to 13 percent

LONDON — Iceland’s central bank has cut official interest rates by 2.5 percentage points to 13 percent to help the country’s troubled economy.