Many borrowers therefore now opt to benefit from the fact that the short-term interest rate is normally lower than the long-term rate. The risk of rising interest rates must be assessed on a par with the risk of other events that can affect private finances. Foreign exchange has flowed into Denmark during the last 15 months.
Even though consumer spending evidently slowed somewhat this fall, new orders received by manufacturers of nondefense capital goods, excluding aircraft, have been rising as have unfilled orders - developments that suggest some further increase in equipment spending is likely in train. There have been some signs in recent weeks that the labor market may be stabilizing.