Denmark Central Bank Follows ECB Rate Cut

Denmark’s central bank lowered its key interest rate by 25 basis points to 2.35% in January, following a similar move by the European Central Bank (ECB).

This marks the fifth rate cut by Danmarks Nationalbank since June 2024.

The decision ensures that the interest rate difference between Denmark and the Eurozone remains unchanged, maintaining the stability of Denmark's currency, the krone, against the euro.

Denmark's benchmark current account interest rate and the certificate of deposit rate were each cut by 25 basis points to 2.35% from 2.60%, while the so-called lending rate was cut by 25 basis points to 2.50% from 2.75%.