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Lombard rate

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Lombard rate
Applies mainly to international equities. Interest rate the German Bundesbank uses as an upper limit to the day-to-day money rate, since no bank will pay higher rates in the money market than it has to pay for very short-term recourse to Lombard credit.
Lombard rate
The rate of interest at which the Bundesbank, Germany's central bank, lends funds to the country's commercial banks. The Lombard rate is an important indicator of Germany's monetary policy.


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Based on variation of the discount or Lombard rates, the Central Bank may influence credit demand by banks and by the private sector.
Monetary policy and economic stability in the Arab world by The Daily Star (Beirut, Lebanon)
Lombard rates have varied from 25 to 200 basis points above the central bank's target policy rate or related money market rates.
Proposed revision to the Federal Reserve's discount window lending ... by Nelson, William R. / Federal Reserve Bulletin
We find that, at medium-term and longer horizons, forecasted inflation explains a much greater share of the variance in the Lombard rate than does forecasted money growth (or, for that matter, than do forecasted changes in output, or in the value of the deutsche mark).
Inflation targeting by Bernanke, Ben / NBER Reporter
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