|
Table 6 The official interest rates of Danmarks Nationalbank
| Per cent per annum |
Discount
rate |
Current
account
desposits1 |
Lending
and certifi-
cates
of deposit2 |
| 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. Juni |
|
|
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. Apr. |
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 |
| |
17. March |
3.50 |
3.50 |
3.85 |
| |
28. April |
3.75 |
3.75 |
4.10 |
| |
9. June |
4.25 |
4.25 |
4.70 |
| |
23. Aug |
|
|
4.90 |
| |
30. - |
|
|
5.10 |
| |
1. Sept |
4.50 |
4.50 |
|
| |
6. - |
|
|
5.00 |
| |
27. - |
|
|
5.10 |
| |
29. - |
|
|
5.60 |
| |
6. Oct |
4.75 |
4.75 |
|
| |
13. - |
|
|
5.50 |
| |
27. - |
|
|
5.40 |
| 2001 |
9. Feb |
|
|
5.30 |
| 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 started exclude this premium. Until 21 June 1999 the Nationalbank's lending rate was called the repo rate. |
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