However, Pleschinger later told the website portfolio.hu that the facility would not be phased out, apparently walking back from his earlier comments. Several members of the banks board had earlier indicated that Wednesdays move might be coming, as the bank was not ready to tolerate high inflation. Signs of further mounting price... The bank meets next Tuesday to discuss interest rates and will also publish updated economic forecasts. It raised its two-week repo rate to 0.5% from 0.25% and adjusted its Lombard rate, the cost of short-term loans to commercial banks, upward by the same amount.
Upwardly, the Lombard rate was higher than the street rate.
( z0 high :ARG1 ( z1 rate :name ( z2 name :op "Lombard" ) ) :ARG2-of ( z3 have-degree :ARG1 z1 :ARG3 ( z4 more ) :ARG4 ( z5 rate :mod ( z6 street ) ) ) :direction ( z7 upward ) )
(z0 / high-02
    :ARG1 (z1 / rate
              :name (z2 / name
                        :op1 "Lombard"))
    :ARG2-of (z3 / have-degree-91
                 :ARG1 z1
                 :ARG3 (z4 / more)
                 :ARG4 (z5 / rate
                           :mod (z6 / street)))
    :direction (z7 / upward))
Upwardly , the Lombard rate was higher than the street rate .
z2 :op1 0
z1 :name z2
z0 :ARG1 z1
z0 :direction z7
z0 :ARG2-of z3
z3 :ARG1 z1
z3 :ARG3 z4
z5 :mod z6
z3 :ARG4 z5