Denmark’s central bank raised its rate on certificates of deposits by 15 basis points to 0.05 percent, ending its experiment with negative rates since July 2012.
 Danmark’s Nationalbank added that its other rates, the lending rate, the discount rate and the current account rate were unchanged at 0.20 percent, 0.0 percent and 0.0 percent, respectively.
  The rate rise follows the central bank’s sale of foreign exchange to manage the krone’s exchange rate to the euro. Unlike most central banks in advanced economies, the main objective of the Danish central bank is to defend the targeted rate of the krone to the euro of 7.46038 within a tolerance band of 2.25 percent on either side.
  “The short term rates in the euro area which are higher than the equivalent Danish rates have increased. This increase has tended to weaken the Danish krone,” the central bank said.
  In addition, the central bank also reduced the current account ceiling of banks and other monetary counterparts to 38.5 billion crowns from 67.4 billion.