Thursday, May 17, 2012
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Global interest rates in 2010

Denmark's central bank cut its key lending rate by 10 basis points to 1.05 percent to ease strengthening pressure on the crown currency on Thursday, in a surprise move just a week after its last cut. As a result the average rate set by 11 leading central banks - the five that decide monetary policy for the G7 nations plus six other major banks - fell to 1.05 percent from 1.08 percent.

 

On May 7, the European Central Bank cut its main interest rate by 25 basis points to 1.0 percent. As a result, the average rate set by central banks of the Group of Seven nations fell to 0.40 percent from 0.45 percent.  >>

 

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