The Danish central bank cut its key interest rate by 25 basis points to a negative 0.20 percent following a rate reduction by the European Central Bank.
Danmark’s Nationalbank said in a statement that the benchmark certificate of deposit rate was cut to minus 0.2 percent, which means that banks are in the unusual situation of paying to deposit their money with the central bank.
The bank’s lending rate was also cut by 25 basis points to 0.20 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards