By Daniel Hunter

Denmark's central bank has cut interest rates again in an attempt to keep the krone in line with the euro.

The bank cut interest rates from -0.5% to -0.75%. Its the fourth cut in three weeks.

The move is designed to keep the krone around a similar price to the euro, so as not to harm its exports.

Central Bank governor Lars Rohde said: "There is no upper limit to the size of the foreign exchange reserve.

"The Danish National Bank has the necessary instruments to defend the fixed exchange rate policy for as long as it takes."

Denmark has tied its currency to the euro, and before that, the German mark for 35 years.


In January, the Swiss central bank ended its efforts to keep the price of the Swiss franc in line with the euro. It saw the value of the currency soar and some Swiss company's shares dropped.

Join us on
Follow @freshbusiness