CHANGES IN BANK RATE, MINIMUM LENDING RATE, MINIMUM BAND DEALING RATE, REPO RATE AND OFFICIAL BANK RATE
There are strong interdependencies between
banks and governments, through both balance
sheet and contingent claim exposures. These
interdependencies mutually reinforce the
macroeconomic propagation of banking or
sovereign market tensions. Second, given the
fragmentation of some market segments and the
setback to European banking sector integration,
persistent cross-country heterogeneity needs to
be considered. Third, a proper assessment of
fi nancing conditions hinges on the distinction
between demand and supply-side factors in
credit intermediation. Finally, the impact of
non-standard measures adopted by the ECB
and the Eurosystem as a whole needs to be
identifi ed. The impact of some measures...
