Denmark’s largest bank will invest in nuclear weapons technology in countries that have signed the treaty on non-proliferation, in a significant shift away from an 11-year blanket non-nuclear policy. The head of responsible investments at Danske Bank says the decision is due to “geopolitical changes”, while competitor Nordea maintains that such investments are ‘unfavorable’ for society.
The FED’s interest rate cut will bring savings for homeowners in Denmark with variable loans, say economists.
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The Copenhagen Post
The economic boost from 400,000 international workers and big pharma tax revenues has made Denmark’s economy one of the world’s most solid. But the Minister of Finance will not loosen the purse strings when he negotiates the country’s 2025 fiscal budget this autumn.
Denmark’s largest banks are forecasting interest rate cuts across their loan offerings by early 2025. It’s good news for Danish businesses and home buyers looking to take out a loan next year, but will hurt Danish banking profits, which have tipped billions of kroner in recent years.
This July, property sales in Denmark hit a three-year high, marking a welcome upturn after a sluggish start to the year. Headwinds in the nation’s housing market look set to continue as buyer optimism is buoyed by falling interest, a strong labour market and rising real wages.
