For one-year adjustable-rate mortgage bonds, Nykredit’s refinancing auctions resulted in a negative rate of 0.23%. The three-year rate was minus 0.28%, while the five-year rate was minus 0.04% However, the close collaboration with the European Union means that the Danish central bank will generally only adjust its lending rate when the ECB changes the refi rate. The inflation target of the Nationalbanken is in line with the ECB target for the Eurozone, max. 2% on a yearly basis (basis is the HICP, On 7 January, the Bank of Denmark (Nationalbanken) raised its main deposit rate by 10 basis points from minus 0.75% to minus 0.65%, in an effort to be in tune with the latest moves by the European Central Bank. Nationalbanken kept the lending rate, the discount rate and the current-account rate unchanged at 0.05%, 0.00% and 0.00%, respectively. COPENHAGEN — Denmark’s central bank on Thursday raised its key interest rate to -0.60% from a record low in a surprise move to ease downward pressure on the Danish crown, which is pegged to Denmark’s Interest Rate: Denmark National Bank: Lending Rate data was reported at 0.050 % pa in Feb 2020. This stayed constant from the previous number of 0.050 % pa for Jan 2020. Denmark’s Interest Rate: Denmark National Bank: Lending Rate data is updated monthly, averaging 2.700 % pa from Apr 1992 to Feb 2020, with 335 observations. The European Central Bank maintains its monetary policy rates following the meeting of the Governing Council. Danmarks Nationalbank also keeps the policy rates unchanged. The lending rate is unchanged at 0.05 per cent, Rate on Certificates of Deposits at -0.75 per cent, current account rate at 0.00 per cent and the discount rate at 0.00 per cent.
12 Aug 2019 Jyske Bank A/S, Denmark's third-largest bank, announced on Monday, Aug. 5, that it is offering 10-year mortgages at a rate of negative 0.5%.
22 Jan 2018 Its central bank, Danmarks Nationalbank, currently offers a lending rate of 0.05%, but a rate of -0.65% on certificates of deposit. 23 Feb 2018 "If stagnation is too deep, simply lowering the central bank's interest rate may not Homeowners in Denmark are currently receiving checks each month " Negative interest rates are the official policy of the European Central 3 Feb 2016 Denmark's central bank does something similar. It imposes a limit on reserve balances—which do not attract negative interest. Any excess is 29 Sep 2016 Similar trends involving central banks opting for negative rates in other European countries around the same period (Danish National Bank in
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
3 Sep 2019 To see where things could be headed, some investors are looking to Denmark. The country's central bank has imposed sub-zero interest rates These measures are: 1) revision of the existing tax policy that has negative influence on the savings; 2) increasing of the interest rate that National Bank is 13 Aug 2019 The county must "follow [European Central Bank] policy." In other words, when the ECB changes its interest rates, Denmark must shift its own 22 Aug 2019 Nordic nations such as Sweden and Denmark have been in negative. A leading Swedish bank has imposed a negative interest rate of -0.40% on euro Sveriges Riksbank, the central bank of Sweden which is the largest 22 Aug 2019 European banks are twisting traditional economics of lending and borrowing to A Danish bank is effectively paying home buyers to borrow money. been weighed down by European Central Bank's sub-zero interest rates,