|
Table 6 The official interest rates of Danmarks Nationalbank
|
Per
cent per annum
|
Discount
rate
|
Current
account
deposits1
|
Lending
and certifi-
cates of
deposit2
|
Per
cent per annum
|
Discount
rate
|
Current
account
deposits1
|
Lending
and certifi-
cates
of deposit2
|
|
1991
|
|
9,5
|
9,5
|
|
1997
|
10Oct
|
3,5 |
3,5
|
3,75
|
|
1992
|
|
9,5
|
9,5
|
13
|
1998
|
6May
|
4
|
4
|
4,25
|
|
1993
|
|
6,25
|
6,25
|
6,75
|
|
29-
|
3,75
|
3,75 |
4
|
|
1994
|
|
5
|
5
|
5,5
|
|
21Sep
|
4,25
|
4,25
|
5
|
|
1995
|
|
4,25
|
4,25
|
4,6
|
|
8Oct
|
|
|
4,75
|
|
1996
|
|
3,25
|
3,25
|
3,5
|
|
22 -
|
|
|
4,65
|
|
1997
|
|
3,5
|
3,5
|
3,75
|
|
5Nov
|
4
|
4
|
4,4
|
|
1998
|
|
3,5
|
3,5
|
3,95
|
|
26 -
|
|
|
4,25
|
|
1994
|
6Jan
|
6
|
6
|
6,5
|
|
4Dec
|
3,5
|
3,5
|
3,95
|
|
19 -
|
5,75
|
5,75
|
6,25
|
1999
|
7Jan
|
|
|
3,75
|
|
18Feb
|
5,5
|
5,5
|
6
|
|
4Feb
|
3,25
|
3,25
|
3,5
|
|
15Apr
|
5,25
|
5,25
|
5,9
|
|
1Mar
|
|
|
3,4
|
|
2May
|
|
|
5,8
|
|
9Apr
|
2,75
|
2,75
|
2,9
|
|
11 -
|
|
|
5,7
|
|
17Jun
|
|
|
2,85
|
|
13 -
|
5
|
5
|
|
|
5Nov
|
3
|
3 |
3,3
|
|
19 -
|
|
|
5,6
|
2000
|
4Feb
|
3,25
|
3,25
|
3,6
|
|
7Jul
|
|
|
5,5
|
|
17Mar
|
3,5
|
3,5
|
3,85
|
|
1995
|
8Mar
|
6
|
6
|
7
|
|
28Apr
|
3,75
|
3,75
|
4,1
|
|
6Apr
|
|
|
6,75
|
|
9Jun
|
4,25
|
4,25
|
4,7
|
|
27 -
|
|
|
6,5
|
|
23Aug
|
|
|
4,9
|
|
18May
|
|
|
6,35
|
|
30 -
|
|
|
5,1
|
|
6Jul
|
5,75
|
5,75
|
6,2
|
|
1Sep
|
4,5
|
4,5
|
|
|
27 -
|
|
|
6,05
|
|
6 -
|
|
|
5
|
|
3Aug
|
5,5
|
5,5
|
5,9
|
|
27 -
|
|
|
5,1
|
|
25 -
|
5
|
5
|
5,65
|
|
29 -
|
|
|
5,6
|
|
7Sep
|
|
|
5,5
|
|
6Oct
|
4,75
|
4,75
|
|
|
28 -
|
|
|
5,4
|
|
13 -
|
|
|
5,5
|
|
5Oct
|
|
|
5,3
|
|
27 -
|
|
|
5,4
|
|
9Nov
|
4,75
|
4,75
|
5,15
|
2001
|
9Feb
|
|
|
5,3
|
|
23 -
|
|
|
5
|
|
14May
|
4,5
|
4,5
|
5
|
|
15Dec
|
4,25
|
4,25
|
4,75
|
|
6Jul
|
|
|
4,95
|
|
28 -
|
|
|
4,6
|
|
31Aug
|
4,25
|
4,25
|
4,65
|
|
1996
|
11Jan
|
|
|
4,5
|
|
18Sep
|
3,75
|
3,75
|
4,15
|
|
25 -
|
4
|
4
|
4,35
|
|
5Oct
|
|
|
4,1
|
|
8Feb
|
|
|
4,25
|
|
9Nov
|
3,25
|
3,25
|
3,6
|
|
7Mar
|
3,75
|
3,75
|
4,1
|
2002
|
1Feb
|
|
|
3,55
|
|
21 -
|
|
|
4
|
|
|
|
|
|
|
1Apr
|
3,75
|
3,75
|
3,9
|
|
|
|
|
|
|
19 -
|
3,25
|
3,25
|
3,8
|
|
|
|
|
|
|
6Jun
|
|
|
3,7
|
|
|
|
|
|
|
23Aug
|
|
|
3,5
|
|
|
|
|
|
| Note.: |
Interest rates at year-end or as from the date stated. |
| 1 |
As from April 1992 until end-April 1997 interest-earning deposits
were subject to maximum limits. Until end-March 1992 the banks also
had access to drawings on current account. The rate of interest
for these drawings was 0,5 to 1 per cent higher. |
| 2 |
The Nationalbanken's interest rate for collateralised lending as
well as for sale and repurchase of the Nationalbank's certificates
of deposit. On purchasing certificates of deposit before expiry the
Nationalbank's buy-back price is normally based on a slightly higher
interest rate. The interest rates started exclude this premium.
Until 21 June 1999 the Nationalbank's lending rate was called the
repo rate. |
|
