According to the latest data from the Bureau of Labor Statistics, the U.S. inflation rate fell from 3.3% to 3.0% between May and June, while prices rose 0.1%.
The Danish Chamber of Commerce commented that the inflation rate was “surprisingly low”.
It also increases the chances that the United States will cut interest rates in September, which could ultimately lead to lower mortgage rates in Denmark, the organisation's analysts said.
“This is certainly good news for Danes who are craving slightly lower interest rates,” senior economist Tore Strummer said on July 11.
Interest rates in Denmark, including on mortgages, are rising from 2022 onwards compared to the past few years when they were close to zero.
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As a result, many families have struggled to make ends meet and first-time home buyers have struggled to buy a home.
Denmark's central bank, the Riksbank, follows the interest rate policy of the European Central Bank (ECB) but is still influenced by US monetary policy.
That's because U.S. interest rates affect financial markets and therefore the way Danish bank advisers evaluate mortgage applications.
“In Denmark, this will be felt in the form of lower interest rates when buying a home,” Strummer said.
Denmark is already seeing a clear trend towards lower interest rates.
The ECB cut its key interest rate by 0.25 percentage points in June, followed by the National Bank.
Brian Friis-Helmer of Alvedernäs Landsbank said the US figures were further evidence that interest rates had peaked and that they could fall further.
“We can hope that it will go down further, but we have to get a bit further into the year before that happens,” he said.