Key data points
Last release
—
Observation period
Oct 17, 2024
Next release
—
Forecast
—
Highest
11.00 % on Feb 28, 1990
Lowest
−0.60 % on Jun 30, 2022
About 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 rate on current-account deposits. 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.
Related indicators
Frequently Asked Questions
Denmark interest rate is 2.85% at the moment.
Last month Denmark interest rate was 2.85%, and the month before that it amounted to 3.1%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.