Denmark Present-account price

The benchmark rate of interest in Denmark was final recorded at 3.60 p.c. Curiosity Charge in Denmark averaged 3.17 p.c from 1987 till 2023, reaching an all time excessive of 11 p.c in November of 1989 and a document low of -0.60 p.c in October of 2021. supply: Danmarks Nationalbank

The benchmark rate of interest in Denmark was final recorded at 3.60 p.c.

The benchmark rate of interest in Denmark was final recorded at 3.60 p.c. Curiosity Charge in Denmark is predicted to be 3.35 p.c by the top of this quarter, in response to Buying and selling Economics international macro fashions and analysts expectations. Within the long-term, the Denmark Present-account price is projected to pattern round 2.60 p.c in 2024 and 1.60 p.c in 2025, in response to our econometric fashions.

In Denmark, rates of interest selections are taken by the Board of Governors of the Central Financial institution of Denmark (Danmarks Nationalbank). The primary rate of interest is the speed on current-account deposits. The Danish central financial institution follows the trail set by the ECB and the important thing price shall be raised or lowered when the ECB modifications the refinance price. The Danish central financial institution’s major coverage goal is to carry the euro’s alternate price inside 2.25% both above or under 7.46038 kroner in an effort to maintain inflation low and supply stability for exporters.