There is no avoiding it – even if there is still a great deal of spare capacity in the economy. Add to this the erosion of wage competitiveness, strong pressures on expenditure, a heavy tax burden, low productivity increases and a limited job supply. The Danish economy is facing serious challenges far beyond cyclical factors. And now over to mortgage credit.
Hence, there is a need to obtain these data on a higher frequency, at least on a quarterly  BIS central bankers’ speeches  1  basis, electronically from the banks’ source systems. Moreover, data on similar items obtained through various statistical returns show significant differences. Hence, there is need to harmonise data definition across various returns submitted to different departments of the Bank.