Denmark eases pressure on banks but stays tough on krone peg
Investors will lose if they bet against the peg, central bank warns
The National Bank of Denmark today moved to take some of the pressure off banks coping with the effects of its continued interventions in foreign exchange markets.
The central bank nearly quadrupled the limits on its current account facility from 37 to 145 billion krone ($5.2 billion–20.7 billion), allowing banks greater access to demand deposits.
Current account balances allow banks to deposit funds with the central bank at an interest rate of 0% and access the money instantly. The limits are
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