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Article: Denmark trims key lending rate to 1.25 percent
- Article from:
- AP Worldstream
- Article date:
- September 24, 2009
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Denmark's central bank on Thursday trimmed its key lending rate by 0.1 percent to 1.25 percent.
The reduction was a consequence of purchases of foreign exchange in the market, the central bank said in a statement.
The Nationalbank said its rate of interest on certificates of deposit also was lowered by 0.1 percent to 1.15 percent.
Both the discount rate and the interest rate on the banks' current accounts were maintained at 1.0 percent.
The rate changes come into effect ...