'The bank itself made a good case for not raising rates'

"I thought they [the Central Bank's Monetary Policy Committee] made a good case for keeping interest rates unchanged," says Jón Sigurðsson, chief executive of Stoðir, referring to yesterday's interest-rate increase. The Central Bank raised rates by 0.25 percentage points yesterday. The Monetary Policy Committee justified the increase by citing the Central Bank's forecast of higher inflation in the…