411 REFERENCE · Wiktionary
Hauptrefinanzierungsinstrument
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
German
Etymology
de :af Haupt Refinanzierung Instrument
de Haupt Refinanzierung Instrument
Pronunciation
de [ˈhaʊ̯ptʁefinanˌt͡siːʁʊŋsʔɪnstʁuˌmɛnt]
de De-Hauptrefinanzierungsinstrument.ogg <<Germany>> (<<Berlin>>)
de Haupt re fi nan zie rungs in stru ment
Noun
n
de banking finance main refinancing instrument the primary monetary policy tool used by the ECB to provide liquidity to the banking system
de Über das Hauptrefinanzierungsinstrument steuert die EZB die Geldmenge im Euroraum. The ECB controls the money supply in the eurozone via the main refinancing instrument.
Declension
n
Synonyms
de Hauptrefinanzierungsgeschäft often used in the context of the actual auction
Antonyms
de längerfristiges Refinanzierungsgeschäft longer-term refinancing operations, LTRO
Coordinate terms
de Offenmarktpolitik open market operations; the category this tool belongs to
de Spitzenrefinanzierungsfazilität standing facility for overnight liquidity
de Einlagefazilität where banks park excess liquidity
de Tenderverfahren the auction process used for the instrument
Related terms
de Refinanzierungssatz refinancing rate
de Liquiditätssteuerung liquidity management