I would like to make it clear that Danmarks Nationalbank has no position on  BIS central bankers’ speeches  3  the overall level of housing taxes, but it would contribute to economic and financial stability if taxation is not destabilising.
Denmark has a long tradition of stability-oriented economic policy, and now is the time for action if we are not to see a runaway upswing. In relation to stability-oriented economic policy, it is just as important to tighten during an expansion as to ease during a slowdown. In other words, financial easing should be rolled back when the economy begins to pick up again.