excl. pension savings) ​exceed their financial liabilities and vice versa for borrowers. ​Source: Statistics Denmark and own calculations. 24  Danish households are well placed to cope with higher interest rates Lending to households Kr.
A negatively sloped yield curve has, in the past, served as a reasonably good predictor of economic recessions. But, there are compelling reasons to suspect that level of liquidity is affecting the slope of the yield curve, and lessening its predictive power.