Lars Rohde: A life close to the centre

Speech by Mr Lars Rohde, Governor of the National Bank of Denmark, at the European Economics and Financial Centre seminar on "The Future of Europe: the Ins, the Outs and Challenges Lying Ahead", London, 31 October 2017.

Ladies and gentlemen,

I am grateful for the opportunity to address you here in the historical Houses of Parliament.

Since the financial crisis and the subsequent economic downturn low in-terest rates have become a global phenomenon. Today policy rates are negative in a number of economies including the euro area. Denmark is no exception - in fact we can be considered a leader in the field. In the beginning of 2015, we reduced our key monetary policy rate to -0.75 per cent.