OECD Says Denmark Ignores Debt at Own Risk as Higher Rates Loom

Denmark needs to put in place policies that help households deleverage before central banks start raising interest rates, according to the Organization for Economic Cooperation and Development.

“Sooner or later rates in Denmark and the rest of Europe will go back to more normal levels,” Robert Ford, deputy director at the Paris-based OECD, said in an interview in Copenhagen. The nation’s household debt level is “a risk. It’s very high compared to any other.”