English version

bank rate in Economics topic

From Longman Dictionary of Contemporary Englishbank rateˈbank rate noun [countable]  BFBPEthe rate of interest charged by banks lending money, decided by a country’s main bank syn interest rate
Examples from the Corpus
bank rateSome of his decisions, in particular the one to raise the bank rate to 6 percent in July 1916, were criticized.The bank rate sets the trend for home, vehicle and other consumer loans.