And we have more than 150 small banks sharing the residual market share of 35 percent. BIS Review 31/2007  1  Compared to the other Nordic countries, the concentration ratio in Denmark – measured by the concentration ratio CR5 – does not stand out. However, the Nordic banking markets are amongst the most consolidated in Europe – similar to other smaller European economies.
But starting at the end of 2009 – even before the current food price surge began – we have seen wage expectations increase to their highest sustained levels since our survey began. When expectations of higher inflation are built into business costs, higher inflation can become entrenched, and monetary policy must then also decrease these expectations to reduce inflation.