Danish central bank cuts rates to 2.15%

Source: Bloomberg

Denmark's central bank pared its benchmark interest rate by half a percentage point to 2.15 percent, the lowest in almost two centuries. The reduction aims to keep the krone stable against the euro after the European Central Bank's cut yesterday.

The Danish bank's move came after the ECB trimmed its rate by the same amount to 2 percent yesterday to revive economic growth in the 12-country euro region. The Danish krone is pegged to the euro. The bank also cut its discount rate

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