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SCANDINAVIA HOUSING MARKET

Denmark's eye on home price as it defends krone

House price distortions may arise as rates go below zero in battle to keep currency peg to euro, says minister

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'For an economy in a slow recovery, low interest rates and low oil prices are good,' says Economy Minister Oestergaard

Copenhagen

DENMARK is monitoring its property market and is ready to act should the country's efforts to defend its euro peg result in unsustainable house price distortions.

Economy Minister Morten Oestergaard says such a scenario "may come in the second or third wave" of the...

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