At this time, the task of the central bank is particularly delicate. The decisions of the ECB Governing Council implemented since the end of 2021 have been intended to counter the danger of high inflation influencing expectations and triggering a wage-price spiral.
In  Side 4 af 9  Denmark we have also begun to build up MREL funds, although no MREL requirement yet applies to mortgage banks, as you will know. As regards liquidity, it has been agreed to apply the two liquidity ratios, 1 LCR and NSFR , as indicators.