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.
Interest Rate in Denmark averaged 2.60 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 September of 2020. source: Danmarks Nationalbank
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 -0.50 percent in 2021, according to our econometric models.