Denmark Central Bank Follows ECB Rate Cut
2024-12-12
Category: economic

Denmark’s central bank lowered its key interest rate by 25 basis points to 2.60% in December, following a similar move by the European Central Bank (ECB).
This marks the fourth rate cut by Danmarks Nationalbank this year.
The bank stated the decision ensures that the interest rate difference between Denmark and the eurozone remains unchanged, maintaining the stability of Denmark's currency, the krone, against the euro.
The Danish central bank also reduced its deposit rate to 2.60% and its lending rate to 2.75%.