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Lombard rate. In DICTIOUS you will not only get to know all the dictionary meanings for the word
Lombard rate, but we will also tell you about its etymology, its characteristics and you will know how to say
Lombard rate in singular and plural. Everything you need to know about the word
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English
Etymology
Lombard (“banker or moneylender”)
Noun
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.
Usage notes
The term has been used internationally mainly to refer to an interest rate applied by the German central bank, the Bundesbank, but it has been used also in other countries. Other names are used of similar facilities by other central banks. Since the introduction of the euro, the ECB has used the term marginal lending rate to describe a similar interest rate.
Translations