Danish Central Bank hikes rates |
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Danmarks Nationalbank (DN) decided earlier today (7 October) (17.00CET) to raise its lending rate from 4.60% to 5.00%. The discount rate and the interest rate on the banks' current accounts with DN are raised by 0.25% to 4.50%. All interest rate increases are effective from 8 October 2008. Both the decision to hike rates, the magnitude by which rates have been hiked and the timing of the rate hike will surprise markets, although the likelihood that the bank would hike has increased in recent
Filed under: Technical
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