Wednesday, October 23, 2024
HomeNewsDanish EconomyInterest rates remain high after the European Central Bank decided to maintain...

Interest rates remain high after the European Central Bank decided to maintain them at 4%

-

While in Denmark we have an inflation rate under 1% (0.9%), the rest of Europe is still facing an average rate of 2.4%, which means that the ECB cannot lower the interest rates. The USA faces the same situation with 3.5% inflation, forcing the Federal Reserve to maintain high interest rates. 

  • Economists predict that interest rates will be lowered in June.
  • The Danish krone (DKK) is directly tied to the euro and therefore has to follow guidance from the European Central Bank. 
Narcis George Matache
Narcis George Matachehttp://www.narcis.dk
Executive Editor and Founder of "Last Week in Denmark".

Related articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Stay connected

Latest posts