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The homeowners have benefitted from a continuing slide in rates for borrowing since this country s policy makers drove their rate below zero in 2012. With the rates continuing to sink, some other banks in Denmark are joining Nordea to provide this package. (Image: Creative Commons)
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Updated: Jan 8, 2021, 04:14 PM IST
Something that would surprise people in other parts of the world, banks in Denmark are offering 20-year home loans to the Danish citizens at a fixed interest rate of zero. Denmark has the longest history of negative central bank rates in the world. It stands out globally for having continued with it for a longer period of time than any other country in the world.