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Denmark cut its key interest rate again

Thursday, 15 December 2011
Denmark's central bank announced on Thursday that it cut its key interest rate (lending rate) by 10 basis points to 0.70 percent and the nation’s economy continues to struggle.


The last time Denmark's central bank lowered the key rate was December 8, 2011 when the rate was lowered by 40 basis points.

The interest rate cut follows an intervention in the foreign exchange market.
The deposit rate is reduced also by 10 basis points to 0.30 percent. Discount rate remains unchanged at 0.75 percent.
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