Interest rate at which the Bundesbank (Germany's central bank) lends short-term funds to other German banks. Normally about 0.5 percent above the Bundesbank's discount rate, it is an indicator of the state of German financial markets. Called lombardsatz in Germany. The term Lombard refers to the pioneer medieval bankers from the Italian Lombard region who were originally Germanic people.
Related information about Lombard rate:
- Lombard Rate Definition | Investopedia
A Lombard rate is an interest rate German banks use as upper limit daily money rates. This rate mainly applies to international equities not so much United ...
- Lombard credit - Wikipedia, the free encyclopedia
Lending is via central banks, in particular the securities 'eligible for collateral' which are registered on lists; as a general rule, the Lombard rate (interest rate) is ...
- Lombard rate - Wiktionary
Lombard rate (plural Lombard rates). (finance) An interest rate charged by a central bank for very short term loans to other banks against an approved collateral.
- What is Lombard rate? definition and meaning - InvestorWords.com
Definition of Lombard rate: Interest rate at which the Bundesbank (Germany's central bank) lends short-term funds to other German banks. Normally about 0.5 ...
- Lombard Rate - Financial Dictionary - The Free Dictionary
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 ...
- The effects of Bundesbank discount and Lombard rate changes on ...
ERM crisis the Bundesbank lowered the discount and Lombard rate a ... the Lombard rate, banks would be motivated to borrow at the Lombard rate rather ...
- Lombard Rate: Definition from Answers.com
Lombard Rate Interest rate set by banks in Germany on short-term loans collateralized by securities. The term officially refers to the lending rate set.
- What is Lombard rate? - BusinessDictionary.com
Definition of Lombard rate: The interest rate charged by the central bank of Germany for loans on a collateralized security.