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"Report and Accounts 1999"

Table 6 The official interest rates of Danmarks Nationalbank
Per cent per annum Discount
rate		 Current
account
deposits1		 Lending
and certifi-
cates
of deposit2
1990 8.50 9.50 •
1991 9.50 9.50 •
1992 9.50 9.50 13.00
1993 6.25 6.25 6.75
1994 5.00 5.00 5.50
1995 4.25 4.25 4.60
1996 3.25 3.25 3.50
1997 3.50 3.50 3.75
1998 3.50 3.50 3.95
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 April 5.25 5.25 5.90
  2 May     5.80
  11 -     5.70
  13 - 5.00 5.00  
  19 -     5.60
  7 July     5.50
1995 8 March 6.00 6.00 7.00
  6 April     6.75
  27 -     6.50
  18 May     6.35
  6 july 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 Sept.     5.50
  28 -     5.40
  5 Oct.     5.30
  9 Nov. 4.75 4.75 5.15
  23 Nov. 4.75 4.75 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 March 3.75 3.75 4.10
  21 -     4.00
  1 April     3.90
  19 - 3.25 3.25 3.80
  6 June     3.70
  23 Aug.     3.50
1997 10 Oct. 3.50 3.50 3.75
1998 6 May 4.00 4.00 4.25
  29 - 3.75 3.75 4.00
  21 Sept. 4.25 4.25 5.00
  8 Oct.     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 March     3.40
  9 April 2.75 2.75 2.90
  17 June     2.85
  5 Nov. 3.00 3.00 3.30
2000 4 Feb. 3.25 3.25 3.60
Note:Interest rates at year-end or as from the date stated.
1As 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 ½ to 1 per cent higher.
2The 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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Version 1.0 April 2000 Nationalbanken.
Published by Danmarks Nationalbank April 2000, http://www.nationalbanken.dk