Tuesday, July 16, 2024
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Interest rates remain high after the European Central Bank decided to maintain them at 4%

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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".

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