Denmark Interest Rate

Denmark’s central bank lowered its key interest rate by 25 basis points to 1.60% in May, following a similar move by the European Central Bank (ECB). This marks the eighth rate cut since June 2024, bringing borrowing costs to the lowest level since November 2022. The decision ensures that the interest rate difference between Denmark and the Eurozone remains unchanged, maintaining the stability of Denmark's currency, the krone, against the euro.