Financial markets have stabilised after the turmoil in March triggered by COVID-19 and the subsequent actions taken to contain the virus. The turmoil on financial markets led temporarily to higher financing costs for both corporates and households. The financial conditions remain very accommodative, supporting developments in the Danish economy. Monetary policy rates have remained unchanged since 20 March, after Danmarks Nationalbank increased the interest rate on certificates of deposit by 15 basis points as a result of interventions in the foreign exchange market.