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 charges → prime rate
Examples from the Corpus
base rate• We 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%.