Denmark cuts rates for the fourth time in three weeks

FXStreet (Mumbai) - The Danish central bank lowered its deposit rate to -0.75% from -0.50% today, its fourth rate cut in the past three weeks.

The bank kept the lending rate, the discount rate and the current account rate unchanged at 0.05%, 0.0% and 0.0%, respectively. The central bank said that the bank has the ability to defend the fixed exchange rate for as long as it takes and that the increase of foreign exchange reserves positively affects the bank’s revenues.