One of the mysteries of the English language finally explained.
(of a central bank) discount (a bill of exchange or similar instrument) that has already been discounted by a commercial bank.
- ‘They can be kept in the portfolio as an earning asset, or they can be liquidated (rediscounted) on the shortest notice without any loss of value.’
- ‘Here, we would presume he has in mind the ECB monetizing private debt by rediscounting existing private liabilities, or using them in open market operations.’
The action of rediscounting something.
- ‘The rate cut, the 14th in the past two years, reduced the key rediscount rate from 1.875 percent to 1.625 percent, effective today.’
- ‘The central bank has cut it key rediscount rate 62.5 basis points since December.’
- ‘The bank said it will maintain its rediscount rate - charged to commercial lenders for 10-day loans - at 1.375 percent.’
- ‘A series of recent interest rate cuts have brought down the rediscount rate and the accommodation rate from last year's highs of 4.75% and 5.125%, respectively.’
- ‘The cuts, effective from Wednesday, will bring down the rediscount rate to a record low 2.75% from 3.25%.’
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