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The pass-through of monetary policy to the short-term debt market

News Monetary policy

Post No. 442. The short-term debt market plays a key role in financing banks and businesses. We show that, over the period between January 2005 and November 2024, there was complete pass-through of monetary policy after one month for all categories of issuers. For companies, pass-through was relatively faster than for intermediated credit.

25th of March 2026

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News Credit

Does facilitating housing loans help support first-time home purchases? 23rd of March 2026

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Visuel - Fond d'investissement

News Secteur financier

Increasing funds’ adoption of liquidity management tools 13th of March 2026

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News Economy

Disorderly climate transition: the risks for financial markets? 29th of January 2026

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The pass-through of monetary policy to the short-term debt market

Eco Notepad 25th of March 2026

Monetary policy

ABC de l’économie

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Discover the International Banking and Finance Institute

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Banque de France Annual Report 2023

Report 24th of July 2024

Banque de France

3-minute guide to monetary strategy

Monetary strategy

Monetary strategy

What is the Banque de France doing to combat global warming?

Climate change

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Banknotes

The Banque de France is a key player in the cash industry and works with its customers to modernise the sector

Climate

The Bank supports and adds to collective initiatives to combat global warming

Research, economists and researchers

Economic research plays an essential role in determining the direction of the Banque de France’s economic policies

Speeches by the Governor

François Villeroy de Galhau – Interventions

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Séminaires

25th of March 2026

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Central Bank Digital Currency (CBDC) Wholesale component

Seminar IBFI

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Evenement

25th of March 2026

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L'UE sous pression ? Analyse du détournement du commerce chinois

Seminar Banque de France

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Séminaire

26th of March 2026

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ESCB Research Cluster on Monetary Economics - Ninth Annual Workshop

Seminar Banque de France

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