minimum lending rate

(Banking & Finance) (in Britain) the minimum rate at which the Bank of England would lend to discount houses between 1971 and 1981, after which it was replaced by the less formal base rate. Abbreviation: MLR

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

Translations

minimum lending rate

n (Brit Fin) → Diskontsatz m

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

minimum lending rate

n (Brit) → tasso ufficiale di sconto

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

Mentioned in

References in periodicals archive

Benchmark Rates: A Brief History Oct 1960 For the first time, RBI prescribes a minimum lending rate March 1968 Maximum lending rate introduced January 1970 Minimum lending rate re-introduced January 2003 Benchmark Prime Lending Rate (PLR) introduced July 2010 A new base rate introduced, replacing the PLR.

Divided We Stand

This increase means their minimum lending rates are now on a par with ICICI Bank's and Kotak Mahindra Bank's 10%, and higher than Canara Bank's 9.95%.

Borrowers face the heat as short-term rates under pressure

The bank's minimum lending rate will be raised to 6.750 percent, the minimum overdraft rate will be seven percent, and the minimum retail rate will be 7.500 percent.

-Bangkok Bank hikes deposit, lending rates

The drop in the minimum lending rate of the Bank of England to only 1.5% is catastrophic for many such people.

VIEWPOINT: DAFYDD WIGLEY

Interest rates soared as the big banks followed the Bank of England's lead in setting the Minimum Lending Rate at 12%.

The wek that was 1985

1972 -- The bank rate was abolished, to be called instead the minimum lending rate.

Stop the Clock October 13

Bank of Thailand will adjust its overnight interbank interest rate to between the deposit rate and minimum lending rate bidding to slow capital outflow and encourage more inflow into the Thai economy, new central bank Governor Pridiyathorn Devekula said Monday.

New Thai central bank chief to adjust interbank rate

At the same time, the Bank of England announced that its minimum lending rate would be 14 per cent.

United Kingdom

India public sector lender, Oriental Bank of Commerce (OBC) (OBC) (500315.BO) (ORIENTBANK.NS), has said that it has reduced its base rate or minimum lending rate by 0.05 percent to 9.45 percent effective October 3, 2017, The Asian Age has reported, citing a regulatory filing from the bank.

India's Oriental Bank of Commerce reduces base rate