Engelsk

The money we currently use in Denmark is well-functioning, and new types of digital money are likely to gain a foothold if they offer benefits for citizens and society. Danmarks Nationalbank is working to ensure access to secure and efficient money and payment solutions that are available to the whole society, also in the future. This applies regardless of the solution, provider or technology that may form the basis of new types of digital money. Danmarks Nationalbank is planning to organise a conference on new types of digital money in the 4th quarter of 2022.

On 10 June 2022, Danmarks Nationalbank Governor Signe Krogstrup gave a presentation on the FRIC'22 Conference on Financial Frictions at CBS. Signe Krogstrup touched upon the topics of climate change and green government bonds.

Housing lending is still driven by loans with deferred amortisation, and variable interest rate have become more prevalent. An amortisation requirement for homeowners with a high loan-to-value ratio may contribute to a more resilient housing market. The ability of some companies to service their debt is put under pressure by higher energy and commodity prices and an interest rate hike. (Appendix 1 has been revised 16. June 2022).

The target for sales of domestic government bonds and short-term loan programmes in 2022 is kept at kr. 65 billion and kr. 35 billion, respectively. The on-the-run issues remain unchanged and focus will continue to be on issuance in the 2-year and 10-year nominal bonds including the green bond. In September, a new inflation-linked government bond will open.

The value of the insurance and pension fund sector’s investments fell by kr. 273 billion in the first quarter of 2022. This is a larger loss than in the first quarter of 2020, which marked the start of the corona crisis. The losses in the first quarter of 2022 are primarily attributable to rising interest rates, while the market value loss during the corona crisis was largely driven by significant stock market declines.

On 2 June 2022, Danmarks Nationalbank Governor Signe Krogstrup gave a presentation to Danish institutional customers at Nordea on the current situation in the Danish economy. In addition, she touched on current issues in the financial sector, including the green transition and the development of digital currencies. (The presentation is in Danish only).

​In May 2022, the foreign-exchange reserve decreased by kr. 1.1 billion to kr. 534.0 billion.