... convincingly explain the observed change in retail bank pricing since the introduction of the euro Conclusion The pass-through to bank retail rates is key to model money and credit demand in the ... depending on whether short -term interest rates are rising or falling have already been examined for euro area countries The response of bank rates to changes in official rates and/ or money market rates ... relevance of long -term market interest rates explains a fair amount of the widely observed and commented sluggishness in the response of retail bank rates to changes in the short -term market interest...