Danish central bank governor to retire in January
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Loading... - Nathalie Bezuindenhout
- 15 Sep 2022
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Denmark's central bank governor Lars Rohde said on Friday he would step down from his position and retire at the end of January 2023, after 10 years at the helm.
Rohde, 68, became central bank governor in February 2013, after Denmark six months earlier became the first country in the world to impose negative interest rates.
Other countries followed that trend in attempts to combat weak inflation and changing saving patterns, although most central banks have recently raised rates in order to curb soaring inflation.
"I have greatly appreciated the cooperation that has been with authorities and changing governments, as well as ... the ongoing dialogue with the financial sector," Rohde said in a statement.
Unlike most central banks, Denmark does not adjust rates to control inflation. Its primary mandate is to keep the crown currency stable within a narrow band to the euro, an objective it upholds through currency interventions and adjusting its rate in lockstep with the European Central Bank. Read More...
