Denmark adjusts rates after ECB increase

Central bank warns inflationary pressures will remain high and calls for fiscal caution

National Bank of Denmark
Rachael King

The National Bank of Denmark increased interest rates by 50 basis points on March 16 to maintain the krone’s fixed exchange rate against the euro.

The move followed the European Central Bank’s decision on the same day to increase rates by 50bp to 3%. From today (March 17), Denmark’s current account rate is 2.6%, the certificate of deposit rate 2.6%, the lending rate 2.75%, and the discount rate 2.6%.

“Thereby, the monetary policy spread vis-á-vis the euro area will remain unchanged,” the NBD

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