Low rates contribute to higher deposits in Denmark
Bank deposits amount to 60% and household deposits 45% of GDP
Bank deposits in Denmark have increased, as the loose monetary policy implemented by the National Bank of Denmark has reduced the spread between bond yields and deposit rates.
In recent years, bank deposits have increased to Dkr1,200 billion ($188 billion), which is 60% of GDP, while household deposits have reached Dkr880 billion, 45% of GDP, according to an analysis published by the central bank on July 2.
The central bank estimates this development is the consequence of the smaller
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