Finweek English Edition - - IN BRIEF -

Den­mark’s new de­posit rate, which has led at least one bank to start charg­ing cus­tomers to hold money in their de­posit ac­counts. The Dan­ish cen­tral bank has cut its in­ter­est rates four times in three weeks to weaken its cur­rency as it tries to de­fend its cur­rency cap against the euro. Two other banks have suspended the is­su­ing of ad­justable rate oneto three-year mort­gage-backed bonds, while the in­dus­try tries to find a way to deal with neg­a­tive in­ter­est rates, The Wall Street Jour­nal re­ported.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.