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In response to
"Yes... and so's the Fed. It sets interest rates and is a lender of last resort, just like the European Central banks"
by
Roger More
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local central banks always set the interest rates (and banks follow them when it's in THEIR interes)
Posted by
Danedukenuuk
Nov 20 '09, 09:54
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but thats a whole other story
the DKNB follows the ECB interest rates stricktly and add about 1/4 %
the manager of the DKNB is appointed by the DK goverment and approved in a cometee in the parlament they rarely change them mostly due to age and retirement but Denmark is special in Europe sinve we have had manority goverments for 3 or 4 decades only and they have had the same overall fiscall policy (avoiding a state bankrupcy that was pritty close in the 1970ties)
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