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News in english 19. dec. 2008 KL. 10.32 opdateret 19. dec. 2008 KL. 10.32

Central bank lowers rates

The Danish central bank has lowered its interest by half a percentage point.

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The Danish central bank has lowered its interest rate by half a percentage point to 3.75 percent.

A bank statement says:

Effective from today Danmarks Nationalbank's lending rate and the rate of interest on certificates and deposits are lowered by 0.50 per cent to 3.75 per cent. The discount rate and the current-account rate remain unchanged at 3.50 per cent.

The interest-rate reduction is a consequence of the developments in the foreign-exchange market, where Danmarks Nationalbank during a period has purchased foreign exchange.

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