The National Bank of Denmark published its May 2025 foreign-exchange reserve and liquidity statistics, reporting that the foreign-exchange reserve fell by DKK 0.5 billion to DKK 660.9 billion. The change was attributed to a DKK 0.5 billion net sale of foreign exchange by the central bank and DKK 0.1 billion in net foreign borrowing by the central government. No foreign-exchange market intervention was conducted for settlement in May, with interventions shown as zero and net foreign-exchange purchases of DKK -0.5 billion. Year to date, net foreign-exchange purchases totalled DKK 5.6 billion and the foreign-exchange reserve increased by DKK 6.5 billion. On liquidity, the central government’s net financing requirement was DKK -11.8 billion in May, while the net position of banks and mortgage-credit institutes vis-à -vis the central bank decreased by DKK 11.7 billion to DKK 215.0 billion, mainly reflecting a DKK -10.9 billion liquidity impact from the central government. Policy rates were unchanged from 22 April 2025, with the discount and current-account rates at 1.85% per annum, the lending rate at 2.00%, and certificates of deposit at 1.85%.
National Bank of Denmark 2025-06-03
National Bank of Denmark reports May 2025 foreign-exchange reserve down DKK 0.5bn to DKK 660.9bn
The National Bank of Denmark reported a DKK 0.5 billion decrease in its foreign-exchange reserve to DKK 660.9 billion in May 2025, due to a net sale of foreign exchange and net foreign borrowing by the central government. No foreign-exchange market intervention occurred, and the central government's net financing requirement was DKK -11.8 billion. Policy rates remained unchanged since April 2025, with the discount and current-account rates at 1.85% and the lending rate at 2.00%.