Danmarks Nationalbank increased its key interest rates by 25 basis points on September 10, 2026. This adjustment brought the current-account and certificates of deposit rates to 2.10%. The new rates became effective on September 11.
The lending rate rose to 2.25%, while the discount rate remained at 2.10%. This marks the second rate hike in Denmark this year, following a previous increase on June 11, 2026, which had raised rates to 1.85%.
The decision follows a similar move by the European Central Bank, which increased its rates by 25 basis points to 2.50%. Denmark maintains this policy to defend the fixed exchange rate peg between the Danish krone and the euro.
Market pressures in August, specifically net capital inflows into the krone, necessitated central bank interventions to keep the currency within its trading band. Danske Bank responded by raising fixed-rate mortgage yields by 10 to 25 basis points.
