Economics
Subzero Pioneer Denmark Mirrors ECB With Half-Point Hike
- Denmark has had negative rates longer than any other country
- Central bank uses interest rates to steer krone’s peg to euro
A cyclist passes Denmark's central bank in Copenhagen, Denmark.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Denmark, which has had negative interest rates longer than any other country, mirrored the European Central Bank and raised its benchmark rate to protect the krone’s peg to the euro.