The National Bank of Denmark published its monthly reserve and liquidity statistics, showing the foreign-exchange reserve increased by DKK 5.5 billion in June 2025 to DKK 666.4 billion. The rise was driven by the central bank’s net purchase of foreign exchange and the central government’s net foreign borrowing, while no foreign-exchange market intervention was conducted for settlement in June. Net foreign-exchange purchases totalled DKK 4.6 billion (with interventions at zero), and the central government’s net foreign borrowing contributed DKK 0.8 billion; over January–June 2025, the reserve increased by DKK 12.0 billion. The central government’s net financing requirement was DKK -10.2 billion in June (DKK -61.0 billion year to date), and banks’ and mortgage-credit institutes’ net position vis-à-vis Danmarks Nationalbank fell by DKK 3.9 billion to DKK 211.1 billion, reflecting a DKK -9.6 billion liquidity impact from the central government partly offset by the central bank’s foreign-exchange purchases and net bond purchases of DKK 0.6 billion. Policy rates remained at the levels set on 6 June 2025, with the discount rate and current-account interest rate at 1.6% per annum, the lending rate at 1.75%, and the rate on certificates of deposit at 1.6%. The balance sheet total was DKK 732.3 billion at 30 June 2025, including foreign assets of DKK 575.8 billion and central government deposits of DKK 275.4 billion.
National Bank of Denmark 2025-07-02
National Bank of Denmark reports June 2025 foreign-exchange reserve up DKK 5.5bn to DKK 666.4bn
The National Bank of Denmark reported a DKK 5.5 billion increase in foreign-exchange reserves in June 2025, reaching DKK 666.4 billion, driven by net foreign-exchange purchases and central government borrowing. Policy rates remained unchanged since 6 June 2025, with the discount rate and current-account interest rate at 1.6% per annum. The balance sheet totaled DKK 732.3 billion, with foreign assets at DKK 575.8 billion and central government deposits at DKK 275.4 billion.