Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298570 
Year of Publication: 
2024
Series/Report no.: 
Economic Memo No. 1
Publisher: 
Danmarks Nationalbank, Copenhagen
Abstract: 
Since 2022 the European Central Bank and Danmarks Nationalbank have increased their key monetary policy rates at a record pace. This study shows that the pass-through to retail rates has been stronger in Denmark than in the euro area so far. Interest rate fixation periods are shorter in Denmark, debt turnover is higher and Danish households have more debt. Thus, the household cash-flow channel appears to have been stronger in Denmark compared to the euro area.
Subjects: 
Monetary policy
Interest rates
Denmark and abroad
Debt
Deposits
Document Type: 
Research Report

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