Denmark's central bank said it decided on the cut as a result of similar moves by Germany, France, Austria, Belgium and the Netherlands on Thursday. Finland and Greece followed suit on Friday.
"We have reduced the rate in the wake of cuts by key European nations." a central bank spokeswoman said.
It was the ninth 14-day rate cut this year, the last of which was on June 6.
The securities repurchase, or repo, rate is expected to fall to match the CD rate at the next repo offer next Thursday. he deposit and discount rate, cut three times so far this year, was left unchanged at 3.25 per cent.
The cut had little effect on the bond market, which had already anticipated the move.