Fungáécová, Zuzana; Kerola, Eeva; Laine, Olli-Matti - 2023
This study considers the pass-through of different ECB monetary policy measures to bank corporate lending rates of … transmission of monetary policy to bank lending rates appears to have become less efficient below zero, particularly in the case of …-through during the low-for-long period with banks raising their lending rates as monetary policy is eased. Unconventional monetary …