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IPFS News Link • Central Banks/Banking

Danes Get 20-Year 0% Mortgages

• https://www.bloombergquint.com by Frances Schwartz

Customers at the Danish home-finance unit of Nordea Bank Abp can, as of Tuesday, get the mortgages, which will carry a lower coupon than benchmark U.S. 10-year Treasuries. At least two other banks have since said they'll do the same. 

Denmark stands out in a global context as the country to have lived with negative central bank rates longer than any other. Back in 2012, policy makers drove their main rate below zero to defend the krone's peg to the euro. Since then, Danish homeowners have enjoyed continuous slides in borrowing costs.

 


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