Error message

Deprecated function: Creation of dynamic property MergeQuery::$condition is deprecated in MergeQuery->__construct() (line 1357 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).

Denmark lowers lending rate to 5 per cent

Mohit Joshi 7 November 2008

Copenhagen - Denmark's central bank Thursday shadowed an interest rate cut by the European Central Bank and lowered its lending rate by 0.50 percentage points to 5 per cent.

The cut was effective as of Friday, the bank said.

The Danish central bank had raised its lending rate on October 24 to 5.5 per cent in a move to "support the Danish krone."

The central bank said the discount rate and the current account rate were also to be lowered by 50 points to 4 per cent as of Friday.

Denmark is a member of the European Union, but not a member of the eurozone. (dpa)

General:

Featured

Regions:

Denmark

Copenhagen