bank base rate

/bæŋk 'beɪs reɪt/ noun
a basic rate of interest, on which the actual rate a bank charges on loans to its customers is calculated

Dictionary of banking and finance. 2015.

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  • bank base rate — The bank base rate is set by the Bank of England and determines the cost of borrowing money. This base rate is used by commercial banks as a reference point when setting their own base rates. An increase in the base rate will increase the rates… …   Financial and business terms

  • bank base rate — /bæŋk beɪs reɪt/ noun a basic rate of interest on which the actual rate a bank charges on loans to its customers is calculated …   Marketing dictionary in english

  • base rate — / beɪs reɪt/ noun same as bank base rate …   Dictionary of banking and finance

  • base rate — Also known as the repo rate. The rate set by the Bank of England which determines how much other banks and building societies pay for loans they take out from the Bank of England. The base rate in turn affects the minimum rate at which banks are… …   Law dictionary

  • base rate — n BrE in Britain, the standard rate of ↑interest 1(4), set by the Bank of England, on which all British banks base their charges →↑prime rate …   Dictionary of contemporary English

  • base rate — base rates N COUNT In Britain, the base rate is the rate of interest that banks use as a basis when they are calculating the rates that they charge on loans. Bank base rates of 7 per cent are too high …   English dictionary

  • base rate — ► NOUN ▪ the interest rate set by the Bank of England for lending to other banks, used as the basis for interest rates generally …   English terms dictionary

  • base rate — noun the interest rate set by the Bank of England for lending to other banks • Regions: ↑United Kingdom, ↑UK, ↑U.K., ↑Britain, ↑United Kingdom of Great Britain and Northern Ireland, ↑Great Britain • Hypernyms: ↑ …   Useful english dictionary

  • base rate — British equivalent of the US prime rate. Bloomberg Financial Dictionary * * * base rate base rate ➔ rate1 * * * base rate UK US noun [C] UK ► BANKING, FINANCE, ECONOMICS the rate of interest that is set by a central bank, and which is the lowest… …   Financial and business terms

  • base rate — 1) The rate of interest used as a basis by banks for the rates they charge their customers. In practice most customers will pay a premium over base rate on loans and will receive below the base rate on deposits with banks. 2) An informal name for …   Accounting dictionary

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