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Denmark Interest Rate

Denmark's interest rate held at 1.6% on July 31, 2025. This stability followed Danmarks Nationalbank's June 6, 2025 decision to cut key rates by 0.25 percentage points, matching a European Central Bank reduction. This policy alignment preserves Denmark's fixed exchange rate to the euro. Despite a July inflation rise to 2.3%, the interest rate remained unchanged, emphasizing external monetary policy and exchange rate management. Denmark's record low interest rate was -0.6% on October 31, 2021 and record high was 13% on February 03, 1993.

Historical Data (1993-2025)

(in %)
Date Interest Rate
Jul 31, 2025 1.6%
Jun 05, 2025 1.6%
Apr 17, 2025 1.85%
Mar 07, 2025 2.25%
Jan 30, 2025 2.35%
Dec 12, 2024 2.6%
Oct 17, 2024 2.85%
Sep 12, 2024 3.1%
Jul 31, 2024 3.35%
Jun 06, 2024 3.35%
Oct 31, 2023 3.6%
Sep 15, 2023 3.6%
Jul 28, 2023 3.35%
Jun 15, 2023 3.1%
May 08, 2023 2.85%
Apr 30, 2023 2.6%
Mar 17, 2023 2.75%
Feb 03, 2023 2.1%
Dec 15, 2022 1.75%
Oct 27, 2022 1.25%
Sep 09, 2022 0.8%
Aug 31, 2022 -0.1%
Jul 22, 2022 -0.1%
Mar 11, 2021 -0.35%
Aug 31, 2015 0%
Jan 19, 2015 0.05%
May 02, 2013 0.2%
Jan 24, 2013 0.3%
Jul 05, 2012 0.2%
May 24, 2012 0.6%
Dec 15, 2011 0.7%
Nov 03, 2011 1.2%
Jul 07, 2011 1.55%
Apr 07, 2011 1.3%
Jan 14, 2010 1.05%
Dec 10, 2009 1.2%
Sep 24, 2009 1.25%
Aug 14, 2009 1.45%
Jun 08, 2009 1.55%
May 11, 2009 1.65%
Apr 03, 2009 2%
Mar 06, 2009 2.25%
Jan 16, 2009 3%
Dec 05, 2008 4.25%
Nov 07, 2008 5%
Oct 24, 2008 5.5%
Oct 08, 2008 5%
Jul 04, 2008 4.6%
May 16, 2008 4.35%
Jun 07, 2007 4.25%
Mar 09, 2007 4%
Dec 08, 2006 3.75%
Oct 06, 2006 3.5%
Aug 04, 2006 3.25%
Jun 09, 2006 3%
Mar 03, 2006 2.75%
Feb 17, 2006 2.5%
Dec 02, 2005 2.4%
Jun 06, 2003 2.15%
May 23, 2003 2.65%
Mar 07, 2003 2.7%
Dec 06, 2002 2.95%
Aug 30, 2002 3.45%
Aug 09, 2002 3.5%
Feb 01, 2002 3.55%
Nov 09, 2001 3.6%
Oct 05, 2001 4.1%
Aug 31, 2001 4.65%
Jul 06, 2001 4.95%
May 14, 2001 5%
Feb 09, 2001 5.3%
Oct 27, 2000 5.4%
Sep 29, 2000 5.6%
Sep 27, 2000 5.1%
Sep 06, 2000 5%
Aug 30, 2000 5.1%
Aug 23, 2000 4.9%
Jun 09, 2000 4.7%
Apr 28, 2000 4.1%
Mar 17, 2000 3.85%
Feb 04, 2000 3.6%
Nov 05, 1999 3.3%
Jun 17, 1999 2.85%
Apr 09, 1999 2.9%
Feb 04, 1999 3.5%
Jan 07, 1999 3.75%
Dec 04, 1998 3.95%
Nov 05, 1998 4.4%
Oct 22, 1998 4.65%
Oct 08, 1998 4.75%
Sep 21, 1998 5%
May 29, 1998 4%
May 06, 1998 4.25%
Oct 10, 1997 3.75%
Aug 23, 1996 3.5%
Jun 06, 1996 3.7%
Apr 19, 1996 3.8%
Mar 07, 1996 4.1%
Feb 08, 1996 4.25%
Jan 25, 1996 4.35%
Jan 11, 1996 4.5%
Dec 28, 1995 4.6%
Dec 15, 1995 4.75%
Nov 23, 1995 5%
Nov 09, 1995 5.15%
Oct 05, 1995 5.3%
Sep 07, 1995 5.5%
Aug 03, 1995 5.9%
Jul 06, 1995 6.2%
May 18, 1995 6.35%
Apr 06, 1995 6.75%
Mar 08, 1995 7%
Jul 07, 1994 5.5%
May 19, 1994 5.6%
May 02, 1994 5.8%
Apr 15, 1994 5.9%
Feb 18, 1994 6%
Jan 06, 1994 6.5%
Dec 22, 1993 6.75%
Dec 07, 1993 7%
Nov 16, 1993 7.5%
Nov 04, 1993 7.75%
Oct 22, 1993 8%
Oct 12, 1993 8.5%
Sep 27, 1993 9%
Sep 16, 1993 9.5%
Sep 08, 1993 10%
Aug 23, 1993 10.5%
Jul 22, 1993 11%
Jul 02, 1993 7.8%
Jun 24, 1993 7.95%
Jun 17, 1993 8.1%
Jun 10, 1993 8.25%
May 19, 1993 8.75%
Apr 23, 1993 9.75%
Apr 21, 1993 10%
Apr 05, 1993 10.25%
Mar 29, 1993 10.5%
Mar 19, 1993 11%
Mar 10, 1993 11.5%
Mar 03, 1993 12%
Feb 22, 1993 12.5%
Feb 03, 1993 13%
Jan 26, 1993 11.5%
Jan 19, 1993 12%
Denmark Interest Rate : Definition
The Interest Rate set by the National Bank of Denmark is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 12.2% 11% Dec'24
Debt to GDP Ratio 31.1% 33.6% Dec'24
Private Credit (% GDP) 142.44% 146.6% 2024