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Danish Private Debt Burden Triggers Central Bank Warning

Denmark’s central bank is stepping up its focus on the country’s record private debt load to ensure households don’t suffer losses when interest rates start to rise, Governor Nils Bernstein said.

“People who are highly indebted are more vulnerable to interest rates and can be hit hard by changes,” Bernstein said in an interview in Copenhagen yesterday. The bank is now conducting a review of the risks, he said.