Denmark lifts rates to defend krone

Denmark’s central bank raised its key interest rate for the second time in October 2008 on the 24 October 2008 to defend the krone, demonstrating the cost to the country of staying outside the eurozone.

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Denmark: National Bank: Press Release, 24.10.08: Interest rate increase http://www.nationalbanken.dk/dnuk/pressroom.nsf/side/PressDNN20087665/$file/DNN20087665.pdf

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