Copenhagen  - Denmark's central bank Thursday shadowed an interest rate cut by the European Central Bank and lowered its lending rate by 0.50 percentage points to 5 per cent.

The cut was effective as of Friday, the bank said.

The Danish central bank had raised its lending rate on October 24 to 5.5 per cent in a move to "support the Danish krone."

The central bank said the discount rate and the current account rate were also to be lowered by 50 points to 4 per cent as of Friday.

Denmark is a member of the European Union, but not a member of the eurozone. (dpa)