ECB rates may be too low for Denmark

An OECD study warns that Denmark's policy of shadowing the ECB's interest rates could result in inappropriate rate levels thereby creating a risk the economy will overheat.

Source: Reuters

A decision by Danish authorities to track euro-zone monetary policy could leave the country with lower interest rates than are appropriate, thereby creating a risk the economy will overheat, the OECD warned in a study.

The Organization for Economic Cooperation and Development said Denmark's fixed exchange rate