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Danish central bank raises key lending rate after ECB does similar

Danish central bank raises key lending rate after ECB does similar

Denmark's central bank raised its main lending rate by a quarter-point on Thursday to 3.5 percent.
The increase, which was expected, followed the European Central Bank's decision earlier in the day to raise its key interest rate by a quarter of a percentage point to 3.25 percent. That move was aimed at keeping inflation at bay as the bank sees growth ahead in the bloc's 12 euro-using countries.
European Union member Denmark is not part of the 12-country European Monetary Union, but mirrors the moves of the ECB.
The lending rate indicates the interest rate on banks' short-term transactions.
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On the Net:
http://www.nationalbanken.dk


Updated : 2021-01-22 01:37 GMT+08:00