Denmark set to step down from negative rates winner’s podium
Nordic country to avoid wading into a monetary no-man’s-land by raising key interest rate
10 February 2020 - 08:54
Copenhagen — Denmark and Switzerland have long shared the world record in negative interest rates, at minus 0.75%. But that may be about to change.
Economists at some of the biggest Nordic banks say Denmark, which pegs the krone to the euro, is likely to raise its key rate in the coming months. Not long ago, they thought a cut was more likely, which would have seen Denmark wading into a monetary no-man’s land...
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