Denmark cuts for second time in a month

national-bank-of-denmark

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

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