In a move reflecting changes in the broader economic landscape, Denmark’s National Bank has announced an increase in key interest rates, effective from July 28, 2023. The decision comes as the European Central Bank (ECB) raised its benchmark interest rate for deposit facility by 0.25 percentage points, maintaining the unchanged monetary policy interest rate spread.
The following interest rates will be applicable after the adjustment:
- Folio Rate: Increased to 3.35% per annum
- Deposit Certificate Rate: Increased to 3.35% per annum
- Lending Rate: Increased to 3.50% per annum
- Discount Rate: Increased to 3.35% per annum
This move signifies the National Bank’s response to changes in the global economic environment, aligning its rates with the developments in the European Central Bank. These adjustments in interest rates can impact borrowing costs for individuals and businesses, influencing spending and investment decisions.
https://www.nationalbanken.dk/da/viden-og-nyheder/presse/arkiv/2023/renteforhoejelse-27-07-2023