| ^ the ECB made it available, it doesn't mean it was injected in the system yet,
using the discount rate is a very political move for a bank, it basically means trouble and greater scrunity from the Feds, it basically advertise to authorities and "investors" and credit agency that you fucked up somewhere, hence used by banks on the very last resort, it's your nuclear option when everything else has failed, or when a disaster to come is so big, that the Fed might give you a break, |