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"Monetary Review - 3rd Quarter 1998"



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Tables

Table 1 Interest rates and share-price index

Table 2 Selected items from the Nationalbank's balance sheet

Table 3 Factors affecting the banks' net position with the Nationalbank

Table 4 Selected items from the financial institutions' balance sheet, and the money stock

Table 5 The banks' lending

Table 6 External payments (net payments from abroad)

Table 7 GDP by type of expenditure

Table 8 Principal items of the balance of payments (net revenues)

Table 9 Prices and exchange rates

Table 10 Selected monthly economic indicators

Table 11 Selected quarterly economic indicators



Symbols and Sources

0 Magnitude nil or less than one half of unit employed

... Data not available or of negligible interest

Some of the most recent statistics can be provisional. Due to rounding-off there may be small differences between the sum of the individual figures and the totals stated.

Date of going to press: October 26, 1998

The Tables section of this publication is thus based on more recent information than the equivalent section of the Danish edition.

Danmarks Nationalbank is the source for Tables 1-6, while the Copenhagen Stock Exchange is the source for series of bond yields and the share-price index in Table 1. Statistics Denmark is the source for Tables 7-11, apart from the exchange-rate series in Table 9, for which Danmarks Nationalbank is the source.



Table 1 Interest rates and share-price index
Effective
end-of-year /
from
The Nationalbank's
interest rates
End of
period
Inter-bank
interest rate,
3-months
uncollate-
ralized
Bond yields The Copen-
hagen
Stock
Exchange
share-price
index
(total)
Discount rate Repurchase
agreements
and certifi-
cates of
deposit
10-year central-
government
bond
30-year
mortgage-
credit bond
Per cent per annum Per cent per annum 1.1.83
=100
1993 6,25 6,75 1993 6,50 6,09 7,11 366
1994 5,00 5,50 1994 6,15 9,14 9,73 349
1995 4,25 4,60 1995 4,65 7,23 8,36 366
1996 3,25 3,50 1996 3,57 6,52 7,87 472
1997 3,50 3,75 1997 3,93 5,63 7,28 676
Oct. 10, 1997 3,50 3,75 1997 Sep 3,65 5,99 7,42 654
May. 6, 1998 4,00 4,25          
May. 29, 1998 3,75 4,00 1998 Apr 3,91 5,29 6,56 727
Sep. 21, 1998 4,25 5,00   May 4,10 5,07 6,43 748
Oct. 8, 1998 4,25 4,75   Jun 4,02 4,94 6,36 734
Oct. 22, 1998 4,25 4,65   Jul 4,08 4,91 6,30 737
        Aug 4,45 4,82 6,46 654
Oct. 22, 1998 4,25 4,65   Sep 4,75 4,58 6,47 600


Table 2 Selected items from the Nationalbank's balance sheet
End of
period
The
foreign-
exchange
reserve (net)
Notes and
coin in
circulation
The central-
govern-
ment's
account
with the
National-
bank
The banks' net position with the Nationalbank
Certificates
of deposit
Deposits
(current
account)
Loans
(repurchase
agreements)
Total net
position
Kr. billion
1993 74,8 29,7 94,5 27,8 3,4 77,9 -46,8
1994 54,1 32,7 56,9 25,9 2,7 55,9 -27,4
1995 63,6 34,7 38,8 33,6 1,9 44,0 -8,5
1996 85,2 36,6 35,0 30,6 15,2 33,7 12,1
1997 129,7 38,7 34,0 52,1 18,0 19,8 50,3
1997 Sep 118,3 36,5 36,1 52,8 14,2 25,2 41,8
1998 Apr 119,1 39,0 47,5 41,7 15,8 31,8 25,7
  May 117,9 39,0 72,0 30,3 4,0 34,4 -0,1
  Jun 117,9 39,6 59,0 34,3 14,8 36,2 13,0
  Jul 119,7 39,5 49,8 62,5 2,1 41,1 23,5
  Aug 90,9 39,2 52,3 32,5 15,2 55,1 -7,4
  Sep 96,3 38,8 63,6 22,9 17,2 51,0 -10,9

"to be continued on next page"





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Version 1.0 November 1998 Nationalbanken.
Published by Danmarks Nationalbank November 1998, http://www.nationalbanken.dk