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 ?
These home loan borrowers, who were stuck in the older base rate regime, will now be linked to the current market-linked benchmark.
GOOD news from Nationwide Building Society for borrowers and savers on the back of the expected base rate rise later this week.
The Kazakhstan central bank has cut its base rate to 12 percent.
State lenders PNB, BoB & OBC cut base rate by up to 0.
Existing and new borrowers have a reason to cheer as Axis Bank has cut its base rate to 10.
Around one million home owners have never experienced an interest rate rise, having climbed onto their first rung of the property ladder while the base rate has been at its rock bottom level of 0.
Bank of England governor, Mark Carney, on Tuesday told MPs that any base rate rise will be "limited and gradual" and gave a hint of where the rate will be in half a decade's time, Sky News reported on the same day.
However, sources in the financing circuit say that banks get around the RBI's base rate stipulation by booking the loan at the base rate on their books and booking dealer payouts separately as promotional cost or brokerage cost.
Available online, via the society's national branch network and the Skipton Direct telephone service centre, the rate on the bond will rise in line with the Bank base rate.
A further 16% think their monthly repayments would increase, but not necessarily by as much as the base rate increase.
India's largest lender -- SBI -- raised its base rate by 40 basis points (bps) to eight percent from Saturday from 7.