The National Bank of Denmark published its February 2025 statistics on the foreign-exchange reserve, liquidity and its balance sheet, reporting that the foreign-exchange reserve increased by DKK 3.4 billion to DKK 657.0 billion. The increase was driven by the central bank’s net foreign-exchange purchases of DKK 3.3 billion and the central government’s net foreign borrowing of DKK 0.1 billion. For settlement in February, the central bank did not intervene in the foreign-exchange market. In liquidity developments, the central government’s net financing requirement was DKK -22.7 billion, while the net position of banks and mortgage-credit institutes vis-à-vis the central bank fell by DKK 19.5 billion to DKK 237.1 billion outstanding, with the central government’s liquidity impact at DKK -22.8 billion. Policy rates were unchanged from 31 January 2025, with the discount rate, current-account rate and certificates of deposit rate at 2.35% p.a. and the lending rate at 2.5% p.a. The balance sheet total stood at around DKK 702.8 billion at 28 February 2025, up from around DKK 697.8 billion at 31 January 2025, with foreign assets of around DKK 563.3 billion and monetary-policy deposits of around DKK 237.1 billion.
National Bank of Denmark 2025-03-04
National Bank of Denmark reports foreign-exchange reserve rose DKK 3.4 billion to DKK 657.0 billion in February 2025
The National Bank of Denmark reported a DKK 3.4 billion increase in the foreign-exchange reserve to DKK 657.0 billion in February 2025, driven by net foreign-exchange purchases and government borrowing. The central bank did not intervene in the foreign-exchange market, and policy rates remained unchanged. The balance sheet total rose to approximately DKK 702.8 billion, with foreign assets at DKK 563.3 billion.