Old news but I think missed on this forum -
"Denmark's central bank cut interest rates by a quarter point on Thursday, mirroring the European Central Bank's action earlier in the day, putting one of its secondary rates below zero for the first time in history.
Yields on some short-end Danish government bonds had already turned negative earlier, as investors fearful of turmoil in the euro zone have piled into non-euro assets, including Danish bonds, and are were willing to pay to shelter their money.
The Nationalbank cut its lending rate to 0.20 percent from 0.45 percent and lowered its certificates of deposit (CD) rate to negative 0.20 percent from 0.05 percent to match the ECB's move and to curb strength in the Danish currency."
UPDATE 3-Denmark sets a negative rate for first time | Reuters
Paying to keep money saved
"Denmark's central bank cut interest rates by a quarter point on Thursday, mirroring the European Central Bank's action earlier in the day, putting one of its secondary rates below zero for the first time in history.
Yields on some short-end Danish government bonds had already turned negative earlier, as investors fearful of turmoil in the euro zone have piled into non-euro assets, including Danish bonds, and are were willing to pay to shelter their money.
The Nationalbank cut its lending rate to 0.20 percent from 0.45 percent and lowered its certificates of deposit (CD) rate to negative 0.20 percent from 0.05 percent to match the ECB's move and to curb strength in the Danish currency."
UPDATE 3-Denmark sets a negative rate for first time | Reuters
Paying to keep money saved
