Latest news with #Nationalbanken
Bloomberg
05-06-2025
- Business
- Bloomberg
Danish Central Bank Mirrors ECB With Quarter-Point Rate Cut
Denmark 's central bank reduced its key interest rate by 25 basis points, matching its euro-area counterpart, to defend the krone's peg to the common currency. Nationalbanken, which doesn't hold scheduled meetings, lowered its current account rate to 1.6% from 1.85%, according to a statement on Thursday. The decision follows a reduction from the European Central Bank by the same margin earlier in the day and marks the eighth rate cut in the current cycle.
Bloomberg
03-06-2025
- Business
- Bloomberg
Danish Lenders Risk Losses From US Tariffs, Central Bank Warns
An escalation of the US trade war would pose a 'substantial risk' of losses for Danish banks, which are heavily exposed to export-driven industries, the Nordic country's central bank warned. Danish lenders are particularly vulnerable to further trade tensions through their exposure to manufacturing firms as a large share of industrial exports goes to the US either directly or indirectly, Nationalbanken said in a financial stability report released Tuesday. The situation could also worsen rapidly if US tariffs reduce demand across Denmark's trading partners in the European Union, the regulator added.
Bloomberg
17-04-2025
- Business
- Bloomberg
Denmark Cuts Rate to Match ECB as Krone Slide Tests Peg
Denmark 's central bank lowered its benchmark interest rate by a quarter point to defend its peg to the euro in a move that matched its euro-area counterpart after recent turbulence on the financial markets. Nationalbanken, which pegs the Danish currency to the euro, reduced its current account rate to 1.85% from 2.1%, according to a statement on Thursday. The decision, anticipated by analysts, marks the seventh rate cut in the current cycle and follows a reduction from the European Central Bank by the same margin earlier in the day.
Bloomberg
06-03-2025
- Business
- Bloomberg
Denmark Matches ECB Rate Cut to Defend Currency Peg
Denmark 's central bank cut its benchmark rate by a quarter point, aligning with its European counterpart to defend the krone's peg to the euro. Nationalbanken lowered its current account rate to 2.1% from 2.35%, it said on Thursday, after the European Central Bank reduced its borrowing costs by the same margin earlier in the day. The move, its sixth cut in the current cycle, was widely anticipated by economists surveyed by Bloomberg who expect Denmark to preserve its current rate differential to the euro area.
