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 ?
The last time the Bank Rate was changed was a reduction of 0.5 percentage points to 0.5% on 5 March 2009 and the Asset Purchase Programme was last adjusted by an increase of GBP50bn to a total of GBP375bn on 5 July 2012.
M2 EQUITYBITES-April 9, 2015-Bank of England's MPC votes to keep Bank Rate at 0.5%
Previous changes in the Bank Rate were made in March 2009, when it was reduced by 0.5 percentage points to 0.5% and the Asset Purchase Programme was last adjusted in July 2012 when it was increased by GBP50bn to GBP375bn.
M2 EQUITYBITES-March 6, 2015-Bank of England's Monetary Policy Committee votes to maintain bank rate at 0.5%
At the Monetary Policy Committee's meeting on 8 October 2014 it voted to maintain the Bank Rate and to maintain the stock of purchased assets financed by the issuance of central bank reserves at GBP375bn.
The Bank of England revealed on Thursday that its Monetary Policy Committee (MPC) has voted to maintain the Bank Rate at 0.5%.
BANKING AND CREDIT NEWS-July 11, 2014-Bank of England maintains Bank Rate and Asset Purchase Programme size
"My own view remains that a scenario where the MPC holds or cuts the Bank Rate is more likely than one where we increase Bank Rate in response to temporarily higher inflation that would result from the weaker exchange rate and possibly tariffs," he said.
It is the duty of the SBP to announce the bank rate keeping in view the entire economic spectrum and without being influenced by a particular interest group.
Global Banking News-April 11, 2019--Finance minister says Zimbabwe to introduce central bank rate soon
M2 EQUITYBITES-April 11, 2019--Finance minister says Zimbabwe to introduce central bank rate soon
BANKING AND CREDIT NEWS-April 11, 2019--Finance minister says Zimbabwe to introduce central bank rate soon