Danmarks Nationalbank has released its monthly report on foreign exchange reserves, liquidity, and balance sheet for May 2023. The report highlights the following key points:
Foreign-Exchange Reserve:
- In May 2023, the foreign-exchange reserve increased by kr. 0.4 billion to kr. 603.3 billion.
- This increase is attributed to Danmarks Nationalbank’s net purchase of foreign exchange for kr. 1.2 billion and the central government’s net repayment of foreign debt for kr. 0.8 billion.
Liquidity Development:
- The central government’s net financing requirement for May amounted to kr. 4.2 billion.
- Since the beginning of the year, the central government’s net financing requirement has been kr. -19.3 billion.
- The net position of banks and mortgage-credit institutes vis-à-vis Danmarks Nationalbank increased by kr. 0.5 billion in May, reaching a total of kr. 236.9 billion.
Danmarks Nationalbank’s Interest Rates:
- As of May 8, 2023, the discount rate, current-account interest rate, and rate of interest on certificates of deposit have been set at 2.85% p.a., while the lending rate is 3.00% p.a.
Balance Sheet of Danmarks Nationalbank:
- The balance sheet as of May 31, 2023, shows assets totaling kr. 643,119,907,000.
- The stock of gold remains unchanged at kr. 27,036,411,000.
- Foreign assets decreased slightly to kr. 520,515,856,000.
- Monetary-policy lending and other lending to banks saw no significant changes.
- Liabilities amounted to kr. 643,119,907,000, including banknotes, coins, monetary-policy deposits, central government deposits, and foreign liabilities.
For further information, please contact press advisor Ole Mikkelsen at +45 3363 6027.
Please note that all figures are in Danish krone (kr) and details may not add up due to rounding and potential revisions.