Denmark’s central bank lowered its key interest rate by 25 basis points to 2.60% in December, following a similar move by the European Central Bank (ECB). This marks the fourth rate cut by Danmarks Nationalbank this year. The bank stated the decision ensures that the interest rate difference between Denmark and the eurozone remains unchanged, maintaining the stability of Denmark's currency, the krone, against the euro. The Danish central bank also reduced its deposit rate to 2.60% and its lending rate to 2.75%. source: Danmarks Nationalbank

The benchmark interest rate in Denmark was last recorded at 2.60 percent. Interest Rate in Denmark averaged 3.18 percent from 1987 until 2024, reaching an all time high of 11.00 percent in November of 1989 and a record low of -0.60 percent in October of 2021. 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 Current-account rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

The benchmark interest rate in Denmark was last recorded at 2.60 percent. Interest Rate in Denmark is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark Current-account rate is projected to trend around 2.10 percent in 2025 and 1.35 percent in 2026, according to our econometric models.




Related Last Previous Unit Reference
Banks Balance Sheet 4451510.40 4694014.60 DKK Million Nov 2024
Central Bank Balance Sheet 674.00 679.80 DKK Billion Dec 2024
Foreign Exchange Reserves 634000.00 637600.00 DKK Million Dec 2024
Interbank Rate 2.67 2.68 percent Jan 2025
Interest Rate 2.60 2.85 percent Dec 2024
Lending Rate 2.75 3.00 percent Dec 2024
Loans to Private Sector 515.74 522.61 DKK Billion Oct 2024
Money Supply M0 50214.00 51114.00 DKK Million Nov 2024
Money Supply M1 1526201.60 1516388.00 DKK Million Nov 2024
Money Supply M2 1819589.00 1799822.00 DKK Million Nov 2024
Money Supply M3 2007363.00 1976314.00 DKK Million Nov 2024

Denmark Current-account 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.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.85 11.00 -0.60 1987 - 2024 percent Daily


News Stream
Denmark Central Bank Follows ECB Rate Cut
Denmark’s central bank lowered its key interest rate by 25 basis points to 2.60% in December, following a similar move by the European Central Bank (ECB). This marks the fourth rate cut by Danmarks Nationalbank this year. The bank stated the decision ensures that the interest rate difference between Denmark and the eurozone remains unchanged, maintaining the stability of Denmark's currency, the krone, against the euro. The Danish central bank also reduced its deposit rate to 2.60% and its lending rate to 2.75%.
2024-12-12
Denmark Central Bank Follows ECB Rate Cut
Denmark's central bank lowered its benchmark interest rate by 25 basis points to 2.85% in October 2024, following the ECB's rate cut. This move keeps the monetary policy spread with the Euro Area unchanged. The Danish central bank aims to maintain the stability of the crown against the euro through currency interventions and interest rate adjustments.
2024-10-17
Denmark Central Bank Follows ECB Rate Cut
Denmark's central bank lowered its benchmark interest rate by 25 basis points to 3.1% in September, following the ECB's rate cut. This move keeps the monetary policy spread with the Euro Area unchanged. The Danish central bank aims to maintain the stability of the crown against the euro through currency interventions and interest rate adjustments.
2024-09-12