Market operations

Possible market operations will be published at 10.00 AM.

Facts

On the last banking day of each week, Danmarks Nationalbank conducts open market operations, in which the counterparties may raise monetary-policy loans against collateral and make deposits by purchasing certificates of deposit issued by Danmarks Nationalbank. Normally, loans and deposits have a maturity of seven days. The loans and deposits accrue interest at the lending rate and the certificates of deposit rate, respectively.

With effect from 1 February 2017 Danmarks Nationalbank introduces buy-back and sale of certificates of deposit on a daily basis in order to support a smooth exchange of liquidity. Also the buy-back premium is raised from 0.05 percentage points to 0.10 percentage points. This is to encourage the monetary-policy counterparties to exchange liquidity among themselves.