Denmark’s central bank cut its key interest rate by 25 basis points to 1.60% on Thursday, following the European Central Bank’s decision earlier in the day to reduce euro zone rates.
“The interest rate reduction is a consequence of the reduction by the European Central Bank of its main monetary policy rate,” the central bank said in a statement.
“Thereby, the monetary policy spread vis-a-vis the euro area will remain unchanged,” it added.
The ECB on Thursday cut interest rates for the eight time since June of 2024, and kept all options on the table for its next meetings even as the case grows for a summer pause in its year-long easing cycle.