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.

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

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.