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FrançaisThe interest rate at which the Bundesbank (q.v.) extends credit to commercial banks in order to cover temporary financing gaps. It is usually somewhat higher than the Bundesbank’s discount rate (q.v.).
Glossary
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Glossary
The interest rate at which the Bundesbank (q.v.) extends credit to commercial banks in order to cover temporary financing gaps. It is usually somewhat higher than the Bundesbank’s discount rate (q.v.).