[CHART 5: Monetary policy rates in DK and ECB] Indeed, as we can see from this chart, the key monetary-policy rate of Danmarks Nationalbank tends to track that of the ECB very closely. Usually we announce interest-rate changes within a few hours of the ECB's announcements. The exceptions are in situations with volatility in foreign-exchange markets and large capital flows.
Looking ahead, the Governing Council expects real GDP growth to continue to expand at a moderate pace in 2010, owing to the ongoing process of balance sheet adjustment in various sectors and the expectation that low capacity utilisation is likely to dampen investment and that consumption is being hampered by weak labour market prospects.