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DKK: Danish central bank cuts 50bp to 3.75%
Fri, Dec 19 2008, 10:21 GMT
by John Hydeskov
Danmarks Nationalbank (DN) has lowered the lending rate and the rate of interest on certificates by 50bp to 3.75% with immediate effect. The discount rate and the current account rate remain unchanged at 3.50%. The policy spread between Denmark and Euroland, which widened from 35bp to 175bp in October when the DKK came under pressure, is thereby down to 125bp.
Published on Fri, Dec 19 2008, 10:24 GMT
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