Denmark cuts for second time in a month


The National Bank of Denmark on Friday knocked a tenth of a percentage point of its benchmark rates for the second time this month to stop the krone's appreciation.

The central bank cut the lending rate to 1.35% with effect from Friday, its rate on certificates of deposits to 1.25%, and its discount rate and interest rate on banks' current accounts to 1%.

The krone is pegged to the euro, with the central bank targeting an exchange rate of between Dkr7.62824 and DKr 7.29252. The currency has been

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: