Engelsk

Governor Per Callesen's speech on 23 April 2021 at the Europa Think Tank's webinar on the digital euro.

Following its recent Article IV mission in Denmark the International Monetary Fund, IMF, concludes that Denmark has successfully navigated through the crisis due to a strong and swift fiscal policy response and the fact that Denmark entered the pandemic on a solid economic footing. Going forward, the IMF recommends that economic policies continue to support the recovery while also facilitating a green and digital transition. At the same time the IMF recommends targeted polies to mitigate risks related to accelerating house price increases amid high and increasing household leverage.

The banks are well equipped to make loans to viable corporations when the deferred tax payment deadlines and tax loans fall due. At the same time, the corporations' use of the relief packages have dropped to a low level. On this basis, it is assessed that the banks will be able to handle any deterioration in the creditworthiness of their customers on expiry of the relief packages.

​​Danmarks Nationalbank and the individual participants in the TIBER-DK programme have decided to continue testing with ethical hackers in future. The decision is based on the good experiences with the tests, the purpose of which has been to strengthen cyber resilience and thus promote financial stability.

Since January 2020, active investment funds, investing in global equities, yielded an average return of 16 per cent, while passive funds yielded around 15 per cent.

​In April 2021, the foreign-exchange reserve decreased by kr. 7.9 billion to kr. 438.7 billion.

The report presents the conclusions of Danmarks Nationalbank's oversight of the Danish payments infrastructure in 2020. The core payment and settlement systems and most important payment solutions extensively comply with international safety and efficiency standards. Efforts are continuously made to enhance the cyber resilience of systems/solutions. Due to the evolving nature of the cyber threat landscape, there is room for improvement – despite ongoing progress.

Foreign investors are fond of Danish shares, and Danish listed companies paid dividends in March like never before. This meant record-breaking dividends for the foreign shareholders who owned Danish shares amounting to kr. 2,081 billion in March.