Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
The money market at pressure on the Danish krone and negative interest rates
In a situation like the current one where the monetary policy counterparties’ need to place funds with Danmarks Nationalbank exceeds the overall current account limit, the rate of interest on certificates of deposit (the CD rate) is key to Danish money market rates. The CD rate’s move into negative territory has not affected its significance for the Danish krone, nor Danmarks Nationalbank’s ability to manage the exchange rate of the krone.