This means that the rate of interest on certificates of deposit, which determines the short-term money market interest rates, is negative once again after having been back in positive territory since the spring. Bond yields have declined further in recent months, from an already low level.
The overall picture is that the Danish economy is on the right track, but is recovering relatively slowly and with considerable fluctuations in quarterly GDP figures. However, employment is rising and unemployment falling. Furthermore, households are wellconsolidated and their disposable income and wealth are rising steadily. Consumer confidence has been high for some time.