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Lombard rate |
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Lombard Rate The rate charged to banks by the German central bank for collateralized loan obligations. Notes: It is similar to the discount rate used by the Federal Reserve Bank in the United States.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.
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| Lombard rates have varied from 25 to 200 basis points above the central bank's target policy rate or related money market rates. The Bundesbank accepted a drop in the rate at which it routinely supplies liquidity to the banking system and announced a further reduction in its Lombard rate of 1/2 percentage point to 7. The German Bundesbank reduced its official discount rate and its Lombard rate each 100 basis points in a series of steps undertaken during the February-April period to stimulate the weakening German economy. |
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