denmark cuts key interest rate by 035 points
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Denmark cuts key interest rate by 0.35 points

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Arab Today, arab today Denmark cuts key interest rate by 0.35 points

Copenhagen - AFP

Denmark's central bank announced Thursday it would cut its key interest rate by 0.35 points to 1.20 percent, in line with the European Central Bank's earlier move to reduce its borrowing benchmark. "The interest rate reduction is a consequence of the reduction by the European Central Bank of its rate on main refinancing operations by 0.25 percentage points to 1.25 percent," the Danish bank said in a statement.  

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