Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Luxembourg
IRSTCI01LUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
4127.09%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Luxembourg' trend measures the overnight interbank lending rate in Luxembourg. This benchmark rate is a key indicator of short-term credit market conditions and liquidity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the average rate at which banks lend to one another on an overnight basis in the Luxembourg interbank market. The call money rate is an important gauge of financial system stress and monetary policy transmission.
Methodology
The data is collected and published by the European Central Bank.
Historical Context
Policymakers and analysts use this rate to assess the health of Luxembourg's financial sector and the effectiveness of the European Central Bank's monetary policy actions.
Key Facts
- Luxembourg's call money rate averaged 0.75% in 2022.
- This rate reached a low of -0.40% during the COVID-19 pandemic.
- The call money rate is a leading indicator of broader Luxembourg money market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overnight interbank lending rate in Luxembourg, which is a key benchmark for short-term credit markets and liquidity conditions.
Q: Why is this trend relevant for users or analysts?
A: The Luxembourg call money rate is an important indicator of financial system stress and the transmission of European Central Bank monetary policy actions.
Q: How is this data collected or calculated?
A: The data is collected and published by the European Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this rate to assess the health of Luxembourg's financial sector and the effectiveness of the ECB's monetary policy.
Q: Are there update delays or limitations?
A: The data is published with minimal delay and is a reliable real-time indicator of Luxembourg's interbank lending market.
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Citation
U.S. Federal Reserve, Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Luxembourg (IRSTCI01LUA156N), retrieved from FRED.