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The official interest rates of Danmarks Nationalbank
Table 7
The official interest rates of Danmarks Nationalbank
Table 7
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
 
 
     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
 
 
 
 
3.90
         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  -      
 
 
 
 
3.45
           6 Dec       
2.75
2.75
2.95
2003   7 Mar      
2.50
2.50
2.70
         23 Maj       
 
 
 
 
2.65
           6 Jun       
2.00
2.00
2.15
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     Danmarks Nationalbank'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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