Interest rate reduction

Authors Danmarks Nationalbank
Subject Press releases from Danmarks Nationalbank
Type Press Releases  
Year 2019
Published 12 September 2019
​Effective from 13 September 2019, Danmarks Nationalbank's interest rate on certificates of deposit is reduced by 0.10 percentage point. The lending rate, the current account rate and the discount rate are unchanged.

12 September 2019

Effective from 13 September 2019, Danmarks Nationalbank's interest rate on certificates of deposit is reduced by 0.10 percentage point. The lending rate, the current account rate and the discount rate are unchanged.

The interest rate reduction is a consequence of the reduction by the European Central Bank of its monetary policy rates by 0.10 percentage point.

In the current situation where the monetary policy counterparties have a large need to place funds at Danmarks Nationalbank, the monetary deposit rates determine the money market rates and the exchange rate.

Effective from the above date, Danmarks Nationalbank's interest rates are:

Lending rate: 0.05 per cent

Certificates of deposit: -0.75 per cent

Current account: 0.0 per cent

Discount rate: 0.0 per cent

The current account limits are unchanged at a total of around 31 bn kroner.

Enquiries can be directed to press advicer Ole Mikkelsen on tel. +45 3363 6027.