Denmark has said it remains committed to the euro after Switzerland
shocked markets by cutting ties with the euro last week. The
announcement comes as Denmark looks headed for historic low deposit
rates.
Denmark wouldn't turn its back on the euro, the country's Economy Minister Morten Oestergaard said Tuesday, seeking to calm fears that the tiny Scandinavian kingdom could follow Switzerland's lead and abandon its currency peg against the euro.
The reassurance came a day after the country's central bank surprised markets by cutting its deposit rate further into negative territory, from -0.05 to -0.2 percent. It also lowered its lending rate to a record 0.05 percent from 0.2 percent.
"I know of no serious politician in the Danish parliament arguing for leaving the present Danish currency regime ... The government does not wish to leave," Oestergaard told Danish broadcaster TV2 following the bank's announcement.
Read more{ Denmark doubles down on euro peg | Business | DW.DE | 20.01.2015
Denmark wouldn't turn its back on the euro, the country's Economy Minister Morten Oestergaard said Tuesday, seeking to calm fears that the tiny Scandinavian kingdom could follow Switzerland's lead and abandon its currency peg against the euro.
The reassurance came a day after the country's central bank surprised markets by cutting its deposit rate further into negative territory, from -0.05 to -0.2 percent. It also lowered its lending rate to a record 0.05 percent from 0.2 percent.
"I know of no serious politician in the Danish parliament arguing for leaving the present Danish currency regime ... The government does not wish to leave," Oestergaard told Danish broadcaster TV2 following the bank's announcement.
Read more{ Denmark doubles down on euro peg | Business | DW.DE | 20.01.2015
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