bank rate


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Related to bank rate: prime rate

bank rate

n.
The rate of discount established by a country's central bank.

bank rate

n
(Banking & Finance) another name for base rate2
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.bank rate - the discount rate fixed by a central bankbank rate - the discount rate fixed by a central bank
bank discount, discount, discount rate - interest on an annual basis deducted in advance on a loan
Translations

bank rate

ntasso ufficiale di sconto
References in periodicals archive ?
It is odd that measures taken by the government for the well-being of senior citizens have also come down to the lowest with the downward fluctuations of the bank rate.
The Committee remains of the view that, were the economy to follow the path expected in the November Inflation Report, further modest increases in Bank Rate would be warranted over the next few years, in order to return inflation sustainably to the target.
To understand why the MPC decided to raise Bank Rate, it is important to remember that Parliament has given the MPC responsibility to keep the rate of inflation - the pace of increase in prices of goods and services - at 2% a year.
On 5 March 2009 the Monetary Policy Committee of the Bank of England cut Bank Rate to 0.
But others do not - and for these deals changes in the rate would be up to the individual lender, as the bank rate is just one of the factors lenders take into account when setting mortgage rates.
But the bank rate during the day valued PS1 sterling at between [euro]1.
BANKING AND CREDIT NEWS-May 13, 2016-Bank of England to maintain bank rate and asset purchase programme size
M2 EQUITYBITES-May 13, 2016-Bank of England to maintain bank rate and asset purchase programme size
In a speech at the Institute of Directors in London, the former World Bank vice-president said: "I will wait until I am convinced that wage growth will be sustained at a level consistent with inflation returning to target before voting for an increase in Bank Rate.
Joseph Masawe, director of economic research and monetary policy, said, 'We have already started measures to set a central bank rate, and probably by the next year or so we should be able to start also announcing the central bank rate.
The Bank of England s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.
BotswanaaACAOs central bank on Tuesday slashed the countryaACAOs bank rate by a 50 basis point to 7.