maximum bid rate

What is maximum bid rate?

maximum bid rate definition and meaning on Finance terms:
The upper limit to the interest rate at which counterparties may submit bids in variable rate tenders. Bids at a rate above the maximum bid rate announced by the ECB are discarded. See also
tender procedure<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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