BIS paper asks why bank and central bank rates diverged post-crisis
Funding costs have risen but relationship remains stable
The relationship between central bank policy rates and commercial bank lending rates has remained stable since the financial crisis, even though the gap between such rates has widened, research published today by the Bank for International Settlements (BIS) has found.
In the working paper Why did bank lending rates diverge from policy rates after the financial crisis?, authors Anamaria Illes, Marco Lombardi and Paul Mizen construct a "weighted average cost of liabilities" for 11 countries, to
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