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In a new resolution sent to the media, Evelin condemned the economic management of the Icelandic Central Bank. Evelin pointed out that it was not Evelin members or other low-income and less wealthy groups in society who were fueling the inflation fire, but those with higher incomes and more wealth.
The resolution also noted that more than half of Efrín’s members were living beyond their means, according to a new survey by labor market research institute Várda, so the central bank’s actions – which Efrín called unfair and ineffective – had a negative impact on that group.
The Aveline Board encouraged the government to address the problem and take other measures that would have a greater impact on the actual causes of inflation.
“This could be achieved, for example, by slowing the expansion of tourism and other sectors and reducing the consumption of wealthier people that fueled the expansion. Then we would need to intervene decisively in the housing market,” the statement said.
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