Denmark's central bank raises key interest rate to 2.1 percent

Denmark's central bank has raised its key interest rate by 0.25 percentage points. This decision impacts local mortgage costs and bank deposit yields across the country. Danmarks Nationalbank announced the change on Thursday. Its certificates of deposit rate has now increased to 2.1 percent.

The Danish central bank followed a similar decision by the European Central Bank. The key rate determines earnings for local commercial banks and mortgage credit institutions. These financial entities hold deposits directly with the central bank. Source: The Copenhagen Post.