For many years, Denmark's observation of these ground rules has been firmly agreed between the government and Danmarks Nationalbank. Today, the fixed-exchange-rate policy is so much embedded in our economic policy that it is actually no longer a basis for discussion.
•  Growth in real GDP is projected to be sufficient to absorb the current material excess capacity in the economy, closing the output gap around mid-2015, as projected in April. •  Inflation has been low in recent months and is expected to remain subdued in the near term.