Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Denmark
IRSTCB01DKM156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.60
Year-over-Year Change
105.71%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend measures the central bank interest rates in Denmark for loans with a maturity of less than 24 hours. It provides insight into the monetary policy actions of the Danish central bank.
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 Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Denmark series tracks the short-term interest rates set by the central bank, which are a key tool for influencing economic conditions and inflation.
Methodology
The data is collected and reported by the Danish central bank.
Historical Context
Central bank interest rates are closely monitored by economists, policymakers, and financial markets.
Key Facts
- Denmark's central bank sets interest rates to influence inflation and economic conditions.
- Short-term interest rates are a key policy tool for central banks.
- The immediate rate reflects the bank's most recent monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the short-term interest rates set by Denmark's central bank for loans with a maturity of less than 24 hours.
Q: Why is this trend relevant for users or analysts?
A: Central bank interest rates are a critical indicator of monetary policy and a key input for economists, policymakers, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by Denmark's central bank.
Q: How is this trend used in economic policy?
A: Central bank interest rates are a primary tool for influencing economic conditions and inflation, making this trend important for monetary policy analysis.
Q: Are there update delays or limitations?
A: The data is reported with minimal delay, providing timely insight into the central bank's policy actions.
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Citation
U.S. Federal Reserve, Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Denmark (IRSTCB01DKM156N), retrieved from FRED.