The Danish National Bank decided to increase the interest rate by 0.25 percent. According to a senior economist from Dansk Erhverv, this is either the last increase or there will be one more.
- As a reminder, a higher interest rate means it is more expensive to borrow money from the bank. Also, if you have a variable loan, you have to pay more in interest. On the other hand, if you have a lot of money in your account, you should look for a bank willing to pay you a good interest rate.
