Danish Central Bank cuts rates for second time in a week

FXStreet (London) - The Danish Central Bank has cut deposit rates for a second time in a week. In an uscheduled statement, the central bank announced that, effective from 23 January 2015, the interest rate on certificates of deposit is reduced by 0.15 percentage point. The lending rate, discount rate and the current account rate are unchanged.

The interest rate reduction follows Danmarks Nationalbank's purchase of foreign exchange in the market.

Danmarks Nationalbank's interest rates are:
- Lending rate: 0.05 per cent
- Certificate of deposit rate: -0.35 per cent
- Current account rate: 0.00 per cent
- Discount rate: 0.00 per cent.