Friday, April 8, 2011

Denmark Central Bank Raises Rate 25bps to 1.30%

The Danmarks Nationalbank raised its key lending rate by 25bps to 1.30% from 1.05% previously. The Bank specifically commented that "The interest rate increase is a consequence of the increase by the European Central Bank of its rate on the main refinancing operations by 0.25 per cent to 1.25 per cent." The Danish Central Bank typically follows the moves of the ECB in order to keep its currency, the Krone, stable.


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