Engelsk

​In July 2021, the foreign-exchange reserve increased by kr. 0.2 billion to 458,6 billion. In July, Danmarks Nationalbank's net purchase of foreign exchange due to intervention in the foreign-exchange market amounted to kr. 5.2 billion.

Danish households' purchase of Danish investment fund shares is gaining momentum. Since August 2020 alone, households have purchased kr. 32 billion worth of investment fund shares.

In May 2021, the average interest rate on Danish private customers’ ordinary deposits was -0.21 per cent per annum. The deposit rate has thus decreased 0.14 percentage points in 2021. The large decrease in the average rate must be seen in light of the fact that the share of private customers’ deposits with negative rate increased from 13 per cent to 30 per cent in the same period. This corresponds to kr. 310 billion of the Danes’ total deposits earning negative interest in May 2021.

In Danmarks Nationalbank's lending survey for the 2nd quarter of 2021, almost half of the 17 banks surveyed report a decrease in the share of loan impairments and losses from the first to the second quarter. This is the case for both private and corporate customers. The decrease is in contrast to the banks' responses in the first quarter, where they expected the losses to remain unchanged.

​In June 2021, the foreign-exchange reserve increased by kr. 2.5 billion to 458.4 billion. In June, Danmarks Nationalbank's net purchase of foreign exchange due to intervention in the foreign-exchange market amounted to kr. 2.6 billion.

The pandemic has led to high trading activity and house price increases. This creates extraordinary uncertainty about future house prices. By the end of 2023, house prices are expected to have risen significantly. Measures are needed now, such as increased amortisation requirements and lower interest deductions that can strengthen the robustness of the Danish economy – both now and in the future.