World watches as Danes venture below zero

Article reports that of all the many striking policy measures taken since the financial crisis hit the world in 2007, one of the most extraordinary had gone almost unremarked – the introduction of negative official interest rates by Denmark in July 2012 by Danmarks Nationalbank.

Denmark: Danmarks Nationalbank: Press Release, 5.8.12: Interest rate reduction http://www.nationalbanken.dk/DNUK/PressRoom.nsf/side/C1256BE9004F4A14C1257A32004CFDB2/$file/DNN201216563.pdf

Reuters, 5.7.12: Denmark sets a negative rate for first time http://uk.reuters.com/article/2012/07/05/denmark-rates-idUKL6E8I5A8520120705

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