Denmark’s Bernstein: rate hike may dampen growth

national-bank-of-denmark

Nils Bernstein, the governor of the National Bank of Denmark, on April 27 said the central bank's decision earlier to raise interest rates by 25 basis points, in line with the European Central Bank, was likely to dampen growth in the economy.

At the annual meeting of the Association of Danish Mortgage Banks, Bernstein said: "Momentum in the Danish economy is presumably so strong that a gradual increase in short-term interest rates to a more normal level is unlikely to trigger an economic

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