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Nationalbanken lending rate - Danish central bank’s interest rate
Charts - historic Nationalbanken interest rates
Graph Danish interest rate Nationalbanken - last year |
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Graph Danish interest rate Nationalbanken - long-term |
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Nationalbanken
The Danish central bank is also called Danmarks Nationalbank or Nationalbanken. Although Denmark is a member of the European Union it still uses its own currency (the Danish krone) and not the euro. Because of this the Danish central bank has complete responsibility for its monetary policy. The most important objective of this policy is to safeguard the stability of the Danish krone. 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, Harmonised Index of Consumer Prices). For an overview of current inflation in Denmark (HICP), click here or here for the current inflation in Denmark based upon the CPI. The bank also supervises the national payment systems, the security of payments and the effectiveness and efficiency of the commercial banking system.
De lending rate van de Nationalbanken
When reference is made to the Danish interest rate this means the Nationalbanken lending rate. The most important objective of the monetary policy is to keep the value of the krone stable with respect to the euro. The market rates are strongly influenced by changes in the central bank’s base rate, the lending rate or Udlånsrente.
As already stated, the Danish central bank follows the path set by the ECB and the lending rate will be raised or lowered when the ECB changes the refi rate. In response to changes in the lending rate, commercial banks often also adjust their interest rates for consumer loans and mortgages and the interest paid on savings.
This page shows the current and historic values of the Nationalbanken’s repo rate.
For a summary of the current interest rates of a large number of central banks please click here.
Tables - current and historic Danish central bank interest rates
Nationalbanken latest rate changes
| may 04 2023 |
3.000 % |
| march 17 2023 |
2.750 % |
| february 03 2023 |
2.250 % |
| december 15 2022 |
1.900 % |
| october 27 2022 |
1.400 % |
| september 09 2022 |
0.800 % |
| july 22 2022 |
0.050 % |
| october 01 2021 |
-0.450 % |
| march 11 2021 |
-0.350 % |
| january 19 2015 |
0.050 % |
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Summary of other central banks’ interest rates
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