*** During the last six months of financial turbulence, the mortgage system has proved that it can ensure financing of real property. Market confidence in the Danish mortgage system has been upheld, against the backdrop of mounting difficulties in financing real property in many other countries. Monetary policy has been relaxed all over the world.
On 3 April, Danmarks Nationalbank was able to lower its discount rate to 1.75 per cent – the lowest level since the establishment of Danmarks Nationalbank in 1818. Although the lending rate is slightly higher, the short-term interest rate is historically low . Long-term interest rates have decreased less than policy rates.