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 ?
ENPNewswire-August 2, 2019--HKMA-Adjustment of the Base Rate
Global Banking News-January 7, 2019--India's Axis Bank raises base rate for loans by 30 bps
BANKING AND CREDIT NEWS-January 7, 2019--India's Axis Bank raises base rate for loans by 30 bps
For buses, the base rate starts at P900 and increases every 100 kg over 2,700 kg.
New York: Indianapolis Power and Light reached a settlement agreement for its electric base rate case on July 19, 2018.
THE proportion of savings accounts on the market paying above the Bank of England base rate has sunk to a five-year low.
BANKS and building societies have been outlining how they plan to apply the base rate increase from 0.5% to 0.75%.
The National Bank of Kazakhstan has kept the base rate at the level of nine percent, Kazakh media reported July 9.
The best two-year tracker deals include Barclays' 0.74% above base rate (currently 1.24%) on 40% deposits with PS1999 fee; HSBC's 0.84% above base rate on 30% deposits with PS999 fee, and Coventry Building Society's Lifetime tracker at 1.3% above base rate on 25% deposits with PS999 fee.
Summary: New Delhi [India] February 8 (ANI): The Reserve Bank of India (RBI) on Thursday said that it will link the base rate with the Marginal Cost of Funds based Lending Rates (MCLR) from April 1 to ensure expeditious transmission of its policy rate to borrowers.
In addition, FPL may be able to use future federal tax savings to continue operating under the current base rate agreement beyond the initial term, which covers through 2020, for up to two additional years.