Denmark Pledges More to Come If Speculators Still Doubt Peg
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Lars Rohde, the governor of Denmark’s central bank, addressed speculators in what he said was a verbal intervention designed to stamp out any lingering doubts that he can preserve the krone’s peg to the euro.
After cutting the benchmark deposit rate for a fourth time this year, matching Switzerland’s key rate of minus 0.75 percent, Rohde said in an interview yesterday he’s ready to do more to prevent the “unthinkable” outcome that Denmark might lose its euro peg.