Denmark cuts deposit rate for fourth time in three weeks

Governor Lars Rohde says central bank will defend euro peg ‘for as long as it takes'

lars-rohde
Lars Rohde

The National Bank of Denmark today cut its deposit rate for the fourth time in 18 days, as governor Lars Rohde vowed to defend the krone's peg to the euro "for as long as it takes".

The central bank cut the deposit rate by 25 basis points to -0.75%, as it seeks to discourage capital inflows prompted by the Swiss National Bank's (SNB) decision to abandon its currency ceiling and the introduction of quantitative easing in the eurozone.

This follows a series of incremental cuts over the past two

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.