The National Bank of Denmark published its January 2025 balance-sheet and liquidity data, showing the foreign-exchange reserve fell by DKK 0.8 billion to DKK 653.7 billion. The decline reflected a DKK 2.9 billion net sale of foreign exchange by the National Bank of Denmark and DKK 2.1 billion in net foreign borrowing by the central government, while no foreign-exchange market interventions were conducted for settlement in January. Banks’ and mortgage-credit institutions’ net position vis-à-vis the National Bank of Denmark decreased by DKK 3.9 billion in January to DKK 256.6 billion, with net foreign-exchange purchases reducing the position by DKK 2.9 billion. Separately, annual valuation adjustments prepared for the 2024 annual report increased the foreign-exchange reserve by DKK 20.4 billion to DKK 654.4 billion at end-2024 and raised holdings of domestic bonds by DKK 0.6 billion to DKK 33.8 billion. The National Bank of Denmark also reported that, since 31 January 2025, the discount rate, current-account interest rate and rate on certificates of deposit have been 2.35% p.a., and the lending rate 2.50% p.a.
National Bank of Denmark 2025-02-04
National Bank of Denmark reports January 2025 foreign-exchange reserve down to DKK 653.7 billion
The National Bank of Denmark's January 2025 data shows a DKK 0.8 billion decrease in the foreign-exchange reserve to DKK 653.7 billion, driven by a DKK 2.9 billion net sale of foreign exchange and DKK 2.1 billion in net foreign borrowing by the central government. Banks’ and mortgage-credit institutions’ net position with the central bank fell by DKK 3.9 billion to DKK 256.6 billion. As of 31 January 2025, key interest rates include a discount rate of 2.35% and a lending rate of 2.50%.