{"id":22226,"date":"2011-07-07T15:07:00","date_gmt":"2011-07-07T19:07:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=e163026ed6684f8f2b28b70e911614d0"},"modified":"2011-07-07T15:07:00","modified_gmt":"2011-07-07T19:07:00","slug":"denmarks-central-bank-raises-lending-rate-25bps-to-1-55","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/07\/denmarks-central-bank-raises-lending-rate-25bps-to-1-55\/","title":{"rendered":"Denmark&#8217;s Central Bank Raises Lending Rate 25bps to 1.55%"},"content":{"rendered":"<p><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.nationalbanken.dk\/dnuk\/specialdocuments.nsf\" style=\"color: #3778cd; text-decoration: none;\" >Danmarks Nationalbank<\/a>&nbsp;<\/span><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">raised its key lending rate by 25bps to 1.55% from 1.30% previously, following a similar move by the <a href=\"http:\/\/www.centralbanknews.info\/2011\/07\/ecb-hikes-monetary-policy-interest-rate.html#uds-search-results\" >ECB<\/a>. &nbsp;The Bank also raised the interest on certificates of deposit to 1.20%, the current account rate to 1.10%, and the discount rate to 1.25%. &nbsp;The Bank said in its press release that &#8220;The interest rate increase is a consequence of the increase by the European Central Bank of its rate on the main refinancing operations by 0.25 percentage point to 1.50 per cent.&#8221;<\/span><br \/><a name='more'><\/a><\/p>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">Denmark&#8217;s central bank last raised the <\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.centralbanknews.info\/2011\/04\/denmark-central-bank-raises-rate-25bps.html\" >lending rate<\/a><\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"> by 25 basis points to 1.30% in April this year. &nbsp;The Danish Central Bank typically follows the moves of the ECB in order to keep its currency, the Krone, stable. &nbsp;Denmark reported an annual inflation rate of 3.1% in May, up from 2.9% in April this year. &nbsp;The Danish economy grew at a year on year rate of 1.3% in Q1 2011 (2.9% in Q4 2010).<\/span><\/div>\n<div><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"> <br \/><\/span><span style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"text-decoration: none;\" >www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3097223671674024675?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Danmarks Nationalbank&nbsp;raised its key lending rate by 25bps to 1.55% from 1.30% previously, following a similar move by the ECB. &nbsp;The Bank also raised the interest on certificates of deposit to 1.20%, the current account rate to 1.10%&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22226","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22226"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22226\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}