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| "Report and Accounts for the Year 1997" |
|
Table 22
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Effective |
Discount |
Current- |
Effective |
Discount |
Current- |
||
Per cent per annum |
Per cent per annum |
||||||
|
1989 |
7.00 |
11.00 |
• |
1995 Sept. 28 |
5.00 |
5.00 |
5.40 |
|
1990 |
8.50 |
9.50 |
• |
Oct. 5 |
5.30 |
||
|
1991 |
9.50 |
9.50 |
• |
Nov. 9 |
4.75 |
4.75 |
5.15 |
|
1992 |
9.50 |
9.50 |
13.00 |
- 23 |
5.00 |
||
|
1993 |
6.25 |
6.25 |
6.75 |
Dec. 15 |
4.25 |
4.25 |
4.75 |
|
1994 |
5.00 |
5.00 |
5.50 |
- 28 |
4.60 |
||
|
1995 |
4.25 |
4.25 |
4.60 |
||||
|
1996 |
3.25 |
3.25 |
3.50 |
1996 Jan.11 |
4.50 |
||
|
1997 |
3.50 |
3.50 |
3.75 |
- 25 |
4.00 |
4.00 |
4.35 |
|
Feb. 8 |
4.25 |
||||||
|
1994 Jan. 6 |
6.00 |
6.00 |
6.50 |
March 7 |
3.75 |
3.75 |
4.10 |
|
- 19 |
5.75 |
5.75 |
6.25 |
- 21 |
4.00 |
||
|
Feb. 18 |
5.50 |
5.50 |
6.00 |
April 1 |
3.90 |
||
|
April 15 |
5.25 |
5.25 |
5.90 |
- 19 |
3.25 |
3.25 |
3.80 |
|
May 2 |
5.80 |
June 6 |
3.70 |
||||
|
- 11 |
5.70 |
Aug. 23 |
3.50 |
||||
|
- 13 |
5.00 |
5.00 |
|||||
|
- 19 |
5.60 |
1997 Oct.10 |
3.50 |
3.50 |
3.75 |
||
|
July 7 |
5.50 |
(Dec. 31) |
3.50 |
3.50 |
3.75 |
||
|
1995 March 8 |
6.00 |
6.00 |
7.00 |
||||
|
April 6 |
6.75 |
||||||
|
- 27 |
6.50 |
||||||
|
May 18 |
6.35 |
||||||
|
July 6 |
5.75 |
5.75 |
6.20 |
||||
|
- 27 |
6.05 |
||||||
|
Aug. 3 |
5.50 |
5.50 |
5.90 |
||||
|
- 25 |
5.00 |
5.00 |
5.65 |
||||
|
Sept. 7 |
5.50 |
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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 1/2 to 1 per cent higher. 2) 14-day zero-coupon certificates of deposit issued by and registered with the Nationalbank. 3) The Nationalbank's interest rate for repurchase agreements in central-government securities as well as for sale of the Nationalbank's certificates of deposit. On purchasing certificates of deposit before expiration the Nationalbank's buy-back price is normally based on a slightly higher interest rate. |
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Version 1.0 May 1998 Nationalbanken. Published by Danmarks Nationalbank May 1998, http://www.nationalbanken.dk |