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Article: Denmark's central bank trims its key lending rate by five basis points
- Article from:
- AP Worldstream
- Article date:
- August 30, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Dateline: COPENHAGEN, Denmark
Denmark's central bank on Friday trimmed its key lending rate five
basis points to 3.45 percent from 3.50 percent, citing a strong Danish
krone and high foreign currency reserves.
The bank left the discount rate unchanged at 3.25 percent.
Denmark is one of three European Union nations that have not adopted
the euro.