The National Bank of Denmark published its October 2025 monetary and liquidity statistics, reporting that the foreign-exchange reserve fell by DKK 3.1 billion to DKK 675.5 billion. The decline was driven by the central bank’s net sale of foreign exchange of DKK 2.8 billion and the central government’s net repayment of foreign debt of DKK 0.3 billion, and the central bank noted that it did not intervene in the foreign-exchange market for settlement in October. For January to October 2025, the foreign-exchange reserve increased by DKK 21.0 billion, alongside net foreign-exchange purchases of DKK 9.5 billion and central-government net foreign borrowing of DKK 11.6 billion. On liquidity, the central government’s net financing requirement was DKK 74.8 billion in October, and banks’ and mortgage-credit institutes’ net position vis-à-vis the National Bank of Denmark rose by DKK 74.3 billion to DKK 309.3 billion outstanding, with the central government’s liquidity impact contributing DKK 77.6 billion; policy rates were unchanged from 6 June 2025 (1.6 per cent p.a. for the discount rate, current-account rate and certificates of deposit rate, and 1.75 per cent p.a. for the lending rate).
National Bank of Denmark 2025-11-04
National Bank of Denmark reports October 2025 foreign-exchange reserve down DKK 3.1 billion to DKK 675.5 billion
The National Bank of Denmark reported a DKK 3.1 billion decrease in the foreign-exchange reserve to DKK 675.5 billion in October 2025, due to net foreign exchange sales and government debt repayment. From January to October 2025, the reserve increased by DKK 21.0 billion, with significant foreign-exchange purchases and government borrowing. The central government's net financing requirement was DKK 74.8 billion in October, while banks' and mortgage-credit institutes' net position rose by DKK 74.3 billion, with policy rates unchanged since June 2025.