They wanted to eliminate the stigma it used to be embarrassing to borrow at the discount window because the discount rate would because it would be an admission that the bank is in trouble.

他们希望消除这种瑕疵,过去在贴现窗口借钱,常常被认为是尴尬的事,因为贴现率将,因为这将是处于困境的银行的,进入权。

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The discount rate is the interest rate that the central bank charges commercial banks that need to borrow additional reserves.

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Just over a week after that statement, the Fed abruptly turned course, cutting the discount rate to encourage bank borrowing to ease a growing liquidity crisis in the credit and bond markets.

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And the cost to the supplier of immediate cash payment by the bank, in respect of the implicit interest rate or discount on the bill, ought to be tiny - because the bank is in effect lending to the safe big company, which ultimately honours the bill, not to the riskier supplier.

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