Danish central bank cuts rates for second time this week

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The European Central Bank's (ECB) decision to launch quantitative easing has prompted the National Bank of Denmark to cut its benchmark deposit rate for the second time in four days.

The Danish central bank said it is reducing its deposit rate by 15 basis points to –0.35% (lower than the ECB equivalent at –0.2%) after ECB president Mario Draghi announced a raft of measures that sparked an immediate depreciation of the euro.

The move follows a 15bp reduction in the National Bank of Denmark's depo

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