Signe Krogstrup: Speech - National Bank of Denmark's conference marking the 40th anniversary of the Danish fixed exchange rate regime

Speech by Ms Signe Krogstrup, Governor of the National Bank of Denmark, at the National Bank of Denmark's conference marking the 40th anniversary of the Danish fixed exchange rate regime, Copenhagen, 31 October 2022.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction

Ladies and Gentlemen, First and foremost, I want to thank all our participants today. Those who have travelled far in order to be with us. Those who spoke. Those who asked questions. Those who listened. Our media representatives.

I have enjoyed our lively and open exchange of views. I am grateful for your willingness to share experiences and for the insightful discussions.

I will address some of my key takeaways from the conference, and comment on the current situation of high inflation and how we address inflation in a fixed exchange rate regime. I will finish with some considerations about future challenges and why I expect the peg to continue to be an important pillar in Danish macroeconomic policy in the future.