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Denmark’s central bank followed the European Central Bank Thursday, dropping its lending rate by 0.4 percentage points to 0.8 per cent - the lowest rate in the bank’s almost 200-year history.
“Effective from 9 December 2011, Danmarks Nationalbank's lending rate is reduced by 0.40 percentage point to 0.8 per cent. The rate of interest on certificates of deposit, the current account rate and the discount rate is reduced by 0.25 percentage point to 0.4 per cent, 0.3 per cent and 0.75 per cent respectively,” the bank said in a statement.
