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Denmark lowers lending rate to 2 per cent
Saudi Press Agency Published in Saudi Press Agency on 02 - 04 - 2009


Denmark's central bank Today lowered its
lending rate by 0.25 percentage points to 2 per cent, citing an
earlier move by the European Central Bank (ECB), according to dpa.
The Danish rates cut was effective as of Friday, the Danish
central bank said. The Danish central bank said the discount rate and
the current account rate would also be lowered by 25 basis points to
1.75 per cent as of Friday.
The ECB on Thursday trimmed its benchmark refinancing rate to an
historic low of 1.25 per cent on Thursday.
Denmark is a member of the European Union, but not a member of the
eurozone.

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