Pursuits
IMF Urges Action as Negative Rates Infect Danish Property Market
- Fund says Denmark's 4 years of NIRP hold lessons for others
- Housing market is area where NIRP fallout is very clear: IMF
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After almost four years of negative interest rates, Danish policy makers need to act now to prevent a housing bubble, according to the International Monetary Fund.
“We strongly encourage the authorities to take early action to lean against the wind on house price increases,” David Hofman, IMF mission chief to Denmark, said in an interview. “We see a need for action on a number of points.”