Central banks react to eurozone situation


Following the European Central Bank's decision to cut rates on Thursday, when new president Mario Draghi warned of a "mild recession" in the region, global central banks have responded.

Reducing its lending rate by 0.35 percentage points to 1.2%, the National Bank of Denmark said the move was "a consequence of the reduction by the European Central Bank of its rate on the main refinancing operations by 0.25 percentage points to 1.25%". The central bank also revealed it had purchased unspecified

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