Denmark cuts deposit rate for fourth time in three weeks

Lars Rohde

The National Bank of Denmark today cut its deposit rate for the fourth time in 18 days, as governor Lars Rohde vowed to defend the krone's peg to the euro "for as long as it takes".

The central bank cut the deposit rate by 25 basis points to -0.75%, as it seeks to discourage capital inflows prompted by the Swiss National Bank's (SNB) decision to abandon its currency ceiling and the introduction of quantitative easing in the eurozone.

This follows a series of incremental cuts over the past two

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