Quantcast
logo

Denmark's Central Bank cuts interest rates for the fourth time in three weeks

  • Denmark has again cut interest rates so that the krone remains pegged to the euro.

    For the fourth time in just three weeks, the country’s central bank cut the key rate, slashing it from -0.5% to -0.75%.

    The bank also weakened the krone via a $16 billion intervention in the foreign exchange markets.

    Indicating that such interventions would continue, Lars Rohde, the central bank governor, said that it would “defend the fixed exchange rate policy” for an indefinite period of time.

    Tagged as: Denmark, Denmark interest rates, krone, euro, Denmark central bank, foreign exchange markets, Denmark economy, business news