Denmark surprises with second cut in a week
The National Bank of Denmark cut rates for the second time in a week on Thursday to contain upward pressures on the krone. The central bank shaved ten basis points off its benchmark lending rate, leaving it at 1.05% from Friday.
"The interest rate reduction is a consequence of purchases of foreign exchange in the market during a longer period. The money market rates in the euro are still very low and the spread to the equivalent Danish rates has tended to strengthen the Danish krone," the
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