Nils Bernstein: Danish economy developments and the 2020 plan Speech by Mr Nils Bernstein, Governor of the National Bank of Denmark, at the annual meeting of the Association of Danish Mortgage Banks, Copenhagen, 27 April 2011. *  *  *  Growth in the global economy remains robust and is increasingly self-sustained.
The initial borrowings were at 25 basis points, while from November 2020 the borrowing rate was lowered to 10 basis points for new drawdowns. This is materially below the cost of banks obtaining 3-year funding in the market.