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base rate

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
base rate
n
1. (Economics, Accounting & Finance / Banking & Finance) Brit the rate of interest used by individual commercial banks as a basis for their lending rates
2. (Economics, Accounting & Finance / Banking & Finance) Brit informal the rate at which the Bank of England lends to the discount houses, which effectively controls the interest rates charged throughout the banking system
3. (Mathematics & Measurements / Statistics) Statistics the average number of times an event occurs divided by the average number of times on which it might occur
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.base rate - the interest rate set by the Bank of England for lending to other banks
Britain, Great Britain, U.K., UK, United Kingdom, United Kingdom of Great Britain and Northern Ireland - a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; `Great Britain' is often used loosely to refer to the United Kingdom
interest rate, rate of interest - the percentage of a sum of money charged for its use
Translations
base rate n (Fin) → tasso base


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The Bank of England has slashed the Base Rate in previous months to an all time low The reasoning behind this was to alleviate some pressure on current home owners and to help rejuvenate the financial economy hoping the banks would begin to lend money again The Bank of England has slashed the Base Rate in previous months to an all time low.
5 per cent below the base rate during the past two years.
Londoner Rory Brogan and his partner, Isabel, recently took out a base rate tracker mortgage with Barclays.
 
 
 
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