Danmarks Nationalbank hiked its interest rate on certificates of deposit is by 15bps to -0.60 percent at an emergency meeting on March 19th, contrasting with other central banks' moves that have been easing monetary policy amid the coronavirus outbreak. Policymakers say the decision aims to support the crown, which is pegged to the euro, and that the monetary policy spread to the euro area is thereby narrowed from -0.25 to -0.10 percentage points, remaining lower than the rate in the euro area. The other policy rates remain unchanged, with the lending rate at 0.05 percent, the current-account rate at 0.00 percent and the discount rate at 0.00 percent. source: Danmarks Nationalbank

Interest Rate in Denmark averaged 2.55 percent from 1992 until 2020, reaching an all time high of 15 percent in November of 1992 and a record low of -0.75 percent in February of 2015. This page provides the latest reported value for - Denmark Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Denmark Interest Rate - values, historical data and charts - was last updated on December of 2020.

Interest Rate in Denmark is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Denmark to stand at -0.60 in 12 months time. In the long-term, the Denmark Interest Rate is projected to trend around -0.60 percent in 2021 and -0.50 percent in 2022, according to our econometric models.

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Denmark Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -0.60 15.00 -0.75 1992 - 2020 percent Daily

Denmark Interest Rate
In Denmark, interest rates decisions are taken by the Board of Governors of the Central Bank of Denmark (Danmarks Nationalbank). The main interest rate is the certificates of deposit rate. The Danish central bank follows the path set by the ECB and the key rate will be raised or lowered when the ECB changes the refinance rate. The Danish central bank’s main policy aim is to hold the euro’s exchange rate within 2.25% either above or below 7.46038 kroner in an effort to keep inflation low and provide stability for exporters.