|Adjustments||Not Seasonally Adjusted|
|Data||16 Nov 2018||0.05|
|15 Nov 2018||0.05|
The statistics are used as benchmark for business related to exchange rates and interest-based assets and/or liabilities. Statistics contain the official interest and exchange rates fixed by Danmarks Nationalbank or observed in the money market.
Danmarks Nationalbank conducts monetary policy by setting the monetary-policy interest rates. In practice, this is done via the lending and deposit facilities made available by Danmarks Nationalbank to banks and mortgage banks.
Danmarks Nationalbank's monetary-policy counterparties iuncludes banks and mortgage-credit institutes which have access to the monetary-policy instruments, i.e. they can place liquidity with Danmarks Nationalbank as overnight deposits (current-account deposits) and participate in Danmarks Nationalbank's weekly market operations. In the weekly market operations, counterparties can obtain 7-day loans against collateral in securities, or deposit liquidity for 7 days by purchasing certificates of deposit.
The net positions of the monetary-policy counterparties are their portfolios of certificates of deposit and current-account deposits, less their loans from Danmarks Nationalbank. Fluctuations in government payments and Danmarks Nationalbank's purchase and sale of foreign exchange mainly affect the net positions. In the weekly market operations, the monetary-policy counterparties typically structure their net positions so that the total current-account deposit covers the expected liquidity requirement for the next week. Danmarks Nationalbank may or may not announce in advance that it will buy back or sell certificates of deposit outside the fixed market operations when major liquidity fluctuations are expected.
There are size limits on the monetary-policy counterparties' current-account deposits. The goal of these limits is to prevent the build-up of large current-account deposits that may be used for speculation in interest-rate and/or exchange-rate changes. Current-account deposits in excess of the individual limits will be converted into certificates of deposit if the total limit for the counterparties is exceeded.
Only final figures are published.
For more information visit: http://www.nationalbanken.dk/en/statistics/find_statistics/Pages/Interest-rates-and-exchange-rates.aspx