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View Full Version : Danish Central Bank Cuts Key Rate to 1.2% From 1.55% to Defend Krone's Peg - Bloomber



NewsWhore
11-03-2011, 01:10 PM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEdCJ4o39AO9C-e6_hgZPdo1HC4Eg&url=http://www.bloomberg.com/news/2011-11-03/danish-central-bank-cuts-key-rate-to-1-2-from-1-55-to-defend-krone-s-peg.html)
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Danish Central Bank Cuts Key Rate to 1.2% From 1.55% to Defend Krone&#39;s Peg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEdCJ4o39AO9C-e6_hgZPdo1HC4Eg&url=http://www.bloomberg.com/news/2011-11-03/danish-central-bank-cuts-key-rate-to-1-2-from-1-55-to-defend-krone-s-peg.html)
Bloomberg
The central bank also said it purchased foreign currency to check the krone&#39;s ascent. The currency traded at 7.4418 against the euro as of 5:03 pm in Copenhagen, compared with as strong as 7.4401 earlier in the day. The bank seeks to defend a central ...

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