The move was Denmark's seventh rate hike since July last
year, closely tracking the ECB and other central banks across
the globe that are tightening monetary policy to combat
inflation.
Denmark's benchmark current account interest rate and the
certificate of deposit rate were each raised by 0.25 percentage
points to 2.85% from 2.6%, while the so-called lending rate was
raised by 0.25 percentage points to 3% from 2.75%.
(Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen,
editing by Mark Heinrich and Hugh Lawson)
(Adds details on other rates, background, third paragraph about
seventh rate hike)
COPENHAGEN, May 4 (Reuters) - Denmark's central bank
raised its key interest rate by 0.25 percentage points to 2.85%
on Thursday, following a rate hike earlier in the day by the
European Central Bank.
"The interest rate increase is a consequence of the increase
by the European Central Bank of its main monetary policy rate,
the deposit facility rate, by 0.25 percentage point," the
central bank said in a statement.
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