Latest news with #krone
Bloomberg
5 days ago
- 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
7 days ago
- Business
- Bloomberg
Norway Seafood Exports Snap 10-Month Streak on Salmon Retreat
A slump in salmon prices in May contributed to the first annual drop in Norwegian seafood exports after 10 months of growth as production of the pink-fleshed fish rose. Norway exported 13.6 billion kroner ($1.3 billion) worth of seafood in May, down 2% from a year earlier, the Norwegian Seafood Council said on Wednesday. Reduced volumes for clipfish and a stronger krone against the dollar also contributed to the decline.
