The Lombard rate, the ceiling on money market rates, is 5.5 percent.

The bank left its Lombard rate unchanged at 6 percent.

But it left the more important short-term Lombard rate unchanged.

The bank also cut a second important measure, the Lombard rate, to 4.5 percent from 5 percent.

Instead, the bank trimmed the Lombard rate, which serves as a ceiling for money market rates.

The Lombard rate, its ceiling for money-market rates, was also cut half a point, to 5 percent.

The discount and Lombard rates are the two main, or key, interest rates.

Switzerland raised its discount and Lombard rates last week.

The Lombard rate is charged on short-term borrowings against bills.

The Lombard rate was lifted by half a percentage point in November.

Despite all this, we don't think they will raise their Lombard rate from the present level of 6 percent at this time."

European leaders tossed out exotica like "Lombard rates," but what they were actually talking about last week was money.

The Lombard rate is charged on emergency loans made to banks and acts as a ceiling.

The Lombard rate is the amount charged on advances to banks where securities are used as collateral.

Austria matched the action today by raising its Lombard rate, also to 5 percent from 4.5 percent.

The Lombard rate is that paid by the banks for short-term borrowing, using securities as collateral.

The Lombard rate is applied to loans that banks request only in emergencies, when they need additional funds.

The Lombard rate is charged for bank borrowing beyond that permitted under the discount rate.

The Lombard rate is the rate at which banks borrow emergency overnight funds from the central bank.

However, it left unchanged at 9.75 per cent the more internationally sensitive Lombard rate, which set the ceiling for money market rates.

Currency markets had widely anticipated the rise in the Lombard rate, and the move had a minimal effect on the value of the mark.

Italy's reduction brought the discount rate to 13 percent and the Lombard rate to 14 percent.

The Bundesbank reduced the Lombard rate by half a point on Thursday, to 7.75 percent.

Despite the move yesterday, many analysts do not expect the bank to lower either its discount rate or its Lombard rate.

The discount rate was held at 4.50 percent and the Lombard rate at six percent.