One of the main objectives of Danmarks Nationalbank is to ensure stable prices, i.e. low inflation. This is achieved through the monetary and exchange rate policy. Since the early 1980s, monetary policy has been aimed at keeping the exchange rate of the krone stable, initially against the German D-mark and then against the euro. As the monetary-policy target of the euro area is to keep inflation below, but close to 2 per cent in the medium term, the fixed-exchange-rate policy provides a framework for low inflation in Denmark. As the central bank of Denmark, Danmarks Nationalbank is responsible for monetary policy in Denmark.