Denmark slashes on back of ECB move

The National Bank of Denmark lopped three-quarters of a percentage point of its key rate on Thursday in response to the European Central Bank's (ECB) move.

The cut leaves Denmark's key lending rate and the rate of interest on certificates at 3% - their lowest level since June 2006. The discount rate and the interest rate on banks' current accounts drops to 2.75%.

The central bank, which tends to mirror the rate decisions of the ECB, said it had opted to make a bigger cut "as a consequence of

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