base rate


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base rate

n
1. (Banking & Finance) Brit the rate of interest used by individual commercial banks as a basis for their lending rates
2. (Banking & Finance) informal Brit 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. (Statistics) statistics the average number of times an event occurs divided by the average number of times on which it might occur
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.base rate - the interest rate set by the Bank of England for lending to other banksbase 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
References in periodicals archive ?
89%, in the base rate portion of their bill, depending on the rate district in which they live.
As a result of the ICC's rehearing decision, the annual base rate revenue increase granted to Nicor Gas was adjusted to approximately $49.
NS) has cut interest on home loans to its base rate in certain cases, for new and existing floating rate customers.
Summary: While the new base rate will make lending more transparent, the interest rates for borrowers are unlikely to change immediately and will benefit them only in the long term.
Nationalised bank Northern Rock and Lloyds TSB both said they were withdrawing the deals, which automatically move up and down in line with the Bank of England base rate, from the close of business yesterday for repricing.
THE Monetary Policy Committee recently voted to keep the Bank of England base rate at 4.
Latest figures from Principality Building Society show that net savings have increased by almost 50% since the base rate rise in August.
Expect a base rate cut sooner rather than later in 2001 - that's the Christmas message from Paul Parker, director of independent mortgage brokers Charcol in Birmingham.
These attractive-sounding deals follow the Band of England's base rate instead of the lender's own variable lending rate.
Global Banking News-June 25, 2015--ICICI cuts base rate to 9.
Indian Bank issued a statement saying it has decided to reduce its base rate, or minimum lending rate, by 0.