Lombard rate


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.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Lombard loan London Bullion Market