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Denmark trims key lending rate to 1.35 percent

Denmark trims key lending rate to 1.35 percent

Denmark's central bank on Thursday trimmed its key lending rate for the second time in less than a month by 0.1 percentage point to 1.35 percent.
The central bank also said it will slash its discount rate by 0.1 percentage point to 1.00 percent. The rate changes come into effect Friday.
Denmark is a member of the 27-nation European Union but has stayed outside the bloc's 16-member euro zone. It typically follows European Central Bank changes as part of a policy of trying to keep Denmark's currency, the krone, stable against the euro. It will tweak its key lending rate when foreign currency markets push the krone up or down against the euro so as to keep the exchange rate steady.
The Nationalbank also cut the key interest rate by 0.1 percentage points on Aug. 13. while the ECB kept its key rate unchanged at 1 percent in its latest decision on Aug. 6.
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On the Net:
http://www.nationalbanken.dk


Updated : 2021-01-16 11:45 GMT+08:00