The official interest rates of
Danmarks Nationalbank
|
The official interest rates of Danmarks Nationalbank |
Table 6 |
|||||
|
Per cent per annum
|
Discount
rate |
Current
account deposits1 |
Lending
and certifi- cates of deposit2 |
|||
| 1994 6 Jan |
6.00
|
6.00
|
6.50
|
|||
| 19 - |
5.75
|
5.75
|
6.25
|
|||
| 18 Feb |
5.50
|
5.50
|
6.00
|
|||
| 15 Apr |
5.25
|
5.25
|
5.90
|
|||
| 2 Maj |
|
|
|
|
5.80
|
|
| 11 - |
|
|
|
|
5.70
|
|
| 13 - |
5.00
|
5.00
|
|
|||
| 19 - |
|
|
|
|
5.60
|
|
| 7 Jul |
|
|
|
|
5.50
|
|
| 1995 8 Mar |
6.00
|
6.00
|
7.00
|
|||
| 6 Apr |
|
|
|
|
6.75
|
|
| 27 - |
|
|
|
|
6.50
|
|
| 18 Maj |
|
|
|
|
6.35
|
|
| 6 Jul |
5.75
|
5.75
|
6.20
|
|||
| 27 - |
|
|
|
|
6.05
|
|
| 3 Aug |
5.50
|
5.50
|
5.90
|
|||
| 25 - |
5.00
|
5.00
|
5.65
|
|||
| 7 Sep |
|
|
|
|
5.50
|
|
| 28 - |
|
|
|
|
5.40
|
|
| 5 Okt |
|
|
|
|
5.30
|
|
| 9 Nov |
4.75
|
4.75
|
5.15
|
|||
| 23 - |
|
|
|
|
5.00
|
|
| 15 Dec |
4.25
|
4.25
|
4.75
|
|||
| 28 - |
|
|
|
|
4.60
|
|
| 1996 11 Jan |
|
|
|
|
4.50
|
|
| 25 - |
4.00
|
4.00
|
4.35
|
|||
| 8 Feb |
|
|
|
|
4.25
|
|
| 7 Mar |
3.75
|
3.75
|
4.10
|
|||
| 21 - |
|
|
|
|
4.00
|
|
| 1 Apr |
3.75
|
3.75
|
3.90
|
|||
| 19 - |
3.25
|
3.25
|
3.80
|
|||
| 6 Jun |
|
|
|
|
3.70
|
|
| 23 Aug |
|
|
|
|
3.50
|
|
| 1997 10 Okt |
3.50
|
3.50
|
3.75
|
|||
| 1998 6 Maj |
4.00
|
4.00
|
4.25
|
|||
| 29 - |
3.75
|
3.75
|
4.00
|
|||
| 21 Sep |
4.25
|
4.25
|
5.00
|
|||
| 8 Okt |
|
|
|
|
4.75
|
|
| 22 - |
|
|
|
|
4.65
|
|
| 5 Nov |
4.00
|
4.00
|
4.40
|
|||
| 26 - |
|
|
|
|
4.25
|
|
| 4 Dec |
3.50
|
3.50
|
3.95
|
|||
| 1999 7 Jan |
|
|
|
|
3.75
|
|
| 4 Feb |
3.25
|
3.25
|
3.50
|
|||
| 1 Mar |
|
|
|
|
3.40
|
|
| 9 Apr |
2.75
|
2.75
|
2.90
|
|||
| 17 Jun |
|
|
|
|
2.85
|
|
| 5 Nov |
3.00
|
3.00
|
3.30
|
|||
| 2000 4 Feb |
3.25
|
3.25
|
3.60
|
|||
| 17 Mar |
3.50
|
3.50
|
3.85
|
|||
| 28 Apr |
3.75
|
3.75
|
4.10
|
|||
| 9 Jun |
4.25
|
4.25
|
4.70
|
|||
| 23 Aug |
|
|
|
|
4.90
|
|
| 30 - |
|
|
|
|
5.10
|
|
| 1 Sep |
4.50
|
4.50
|
|
|
||
| 6 - |
|
|
|
|
5.00
|
|
| 27 - |
|
|
|
|
5.10
|
|
| 29 - |
|
|
|
|
5.60
|
|
| 6 Okt |
4.75
|
4.75
|
|
|
||
| 13 - |
|
|
|
|
5.50
|
|
| 27 - |
|
|
|
|
5.40
|
|
| 2001 9 Feb |
|
|
|
|
5.30
|
|
| 14 Maj |
4.50
|
4.50
|
5.00
|
|||
| 6 Jul |
|
|
|
|
4.95
|
|
| 31 Aug |
4.25
|
4.25
|
4.65
|
|||
| 18 Sep |
3.75
|
3.75
|
4.15
|
|||
| 5 Okt |
|
|
|
|
4.10
|
|
| 9 Nov |
3.25
|
3.25
|
3.60
|
|||
| 2002 1 Feb |
|
|
|
|
3.55
|
|
| 9 Aug |
|
|
|
|
3.50
|
|
| 30 Aug |
|
|
|
|
3.45
|
|
| 6 Dec |
2.75
|
2.75
|
2.95
|
|||
| 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 stated exclude this premium. Until 21 June 1999 the Nationalbank's lending rate was called the repo rate. |
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