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(CEP News) - Following the cue from the European Central Bank on Thursday the Central Bank of Denmark hiked its benchmark interest rate by 25 bps to 4.60%.
"The interest rate increase is a consequence of the European Central Bank increasing the minimum bid rate on the main refinancing operations by 0.25 per cent to 4.25 per cent," read a press release on the website. The last rate hike came on the 10th of May when the National Bank of Denmark hiked rates 10 bps in an effort to bolster a weakening Danish krone, which is pegged in a band around the euro. By Erik Kevin Franco,
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, edited by Cristina Markham,
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