Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Denmark
Annual
IRSTCB01DKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
380.00%
Date Range
1/1/1960 - 1/1/2023
Summary
The 'Annual' economic trend measures the annual interest rate for central bank policy in Denmark. It is an important indicator for economists and policymakers assessing the Danish economy and monetary policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Annual' trend represents the annual interest rate set by the Danish central bank as part of its monetary policy objectives. This benchmark rate influences other lending and borrowing rates throughout the Danish financial system.
Methodology
The data is collected and published by the U.S. Federal Reserve based on information from the Danish central bank.
Historical Context
Central bank interest rates are a key tool used by policymakers to manage inflation, employment, and economic growth.
Key Facts
- Denmark has maintained a fixed exchange rate to the euro since 1999.
- The current central bank rate in Denmark is 0.65% as of 2023.
- Denmark has not changed its benchmark interest rate since 2012.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the annual interest rate set by the Danish central bank as part of its monetary policy.
Q: Why is this trend relevant for users or analysts?
A: Central bank interest rates are a key indicator for assessing the state of the Danish economy and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve based on information provided by the Danish central bank.
Q: How is this trend used in economic policy?
A: Central bank interest rates are a key policy tool used by policymakers to manage inflation, employment, and economic growth.
Q: Are there update delays or limitations?
A: The 'Annual' trend is published with a short delay, typically within a few weeks of the end of the year.
Related Trends
International Merchandise Trade Statistics: Imports: Commodities for Denmark
XTIMVA01DKQ664N
Consumer Price Index for Denmark
DDOE01DKA086NWDB
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Denmark
LREM64FEDKA156N
International Trade: Exports: Value (Goods): Total for Denmark
XTEXVA01DKQ188S
Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Denmark
CRDQDKANABIS
Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for Denmark
CP0440DKM086NEST
Citation
U.S. Federal Reserve, Annual (IRSTCB01DKA156N), retrieved from FRED.