COPENHAGEN, June 6 (Reuters) - Denmark's central bank lowered its benchmark interest rate by 25 basis points to 3.35% on Thursday, following the European Central Bank's decision earlier in the day to cut euro zone rates.
"The interest rate reduction is a consequence of the reduction by the European Central Bank of its main monetary policy rate, the deposit facility rate, by 0.25 percentage point," the central bank said in a statement.
"Thereby, the monetary policy spread vis-á-vis the euro area will remain unchanged".
The primary mandate of the Danish central bank is to keep the crown currency stable versus the euro, an objective it upholds through currency interventions and interest rate moves.
It is the first time the Danish central bank has cut interest rates since 2019, when it lowered the rate to a historic low of minus 0.75%
Denmark's benchmark certificates of deposit rate and the current account rate were each cut by 25 basis points to 3.35% from 3.60%, while the so-called lending rate was cut by 25 basis points to 3.50% from 3.75%.
(Reporting by Jacob Gronholt-Pedersen, editing by Stine Jacobsen)
