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English definition of “base rate”

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base rate

noun [C] uk   UK specialized us  
a rate (= level of interest) decided by the Bank of England that banks use when deciding how much to charge for lending money: Your mortgage interest payments are two percent below the base rate.
Translations of “base rate”
in Chinese (Traditional) 基本利率…
in Chinese (Simplified) 基本利率…
(Definition of base rate from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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