Denmark interest rate
Danmarks Nationalbank
- Policy rate
- 2.10%
- Sep 21, 2026
- Last move
- +0.25 pt
- Sep 21, 2026
- Inflation
- 2.0%
- Aug 2026
- 10-year bond yield
- 3.01%
- Aug 2026
The policy rate set by Danmarks Nationalbank is 2.10% as of Sep 21, 2026. Its most recent move: it raised its rate from 1.85% to 2.10% (Sep 21, 2026). The rate is 0.50 percentage points higher than a year earlier. With consumer prices up 2.0% over the 12 months to Aug 2026, the real rate (policy rate minus inflation) is +0.1%: borrowing costs are above inflation.
Policy rate over the past two years
Sep 21, 2026: 2.10%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Sep 21, 2026 | Hike | 1.85% | 2.10% | +0.25 pt |
| Jun 2026 | Hike | 1.60% | 1.85% | +0.25 pt |
| Jun 2025 | Cut | 1.85% | 1.60% | −0.25 pt |
| Apr 2025 | Cut | 2.10% | 1.85% | −0.25 pt |
| Mar 2025 | Cut | 2.35% | 2.10% | −0.25 pt |
| Jan 2025 | Cut | 2.60% | 2.35% | −0.25 pt |
| Dec 2024 | Cut | 2.85% | 2.60% | −0.25 pt |
| Oct 2024 | Cut | 3.10% | 2.85% | −0.25 pt |
| Sep 2024 | Cut | 3.35% | 3.10% | −0.25 pt |
Changes between month-end rates, plus the latest daily reading. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Aug 2026: 2.0%
10-year government bond yield
Aug 2026: 3.01%
Other central banks in Europe
Source: BIS; inflation: IMF CPI; bond yield: OECD. Updated daily. All central bank rates · Denmark economy dashboard