English version

base rate in Finance topic

From Longman Dictionary of Contemporary Englishbase rateˈbase rate noun [countable] British English  BFin Britain, the standard rate of interest1(4), set by the Bank of England, on which all British banks base their chargesprime rate
Examples from the Corpus
base rateWe would levy the charge at 1 percent above the Bank base rate prevailing for the relevant period.Assume the current base rate is 10%.Money markets fear a half point base rate rise on a Tory defeat.Large corporate customers pay interest on overdrafts at the bank's base rate plus 1%.