Denmark’s central bank mirrored its European counterpart and added 25 basis points to its benchmark interest rate to support the krone’s peg to the euro.
Nationalbanken, which doesn’t hold scheduled meetings, lifted its current account rate to 3.35% from 3.1%, it said in a statement on Thursday, matching the European Central Bank’s hike earlier in the day. The move by Nationalbanken was widely anticipated by economists polled by Bloomberg News, given the bank hadn’t intervened in the currency market in recent months and the krone is trading close to its central euro parity.
Read More : Denmark Raises Key Interest Rate by 25 Basis Points in Line with ECB Decision