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English definition of “lending rate”

lending rate

noun [C]
 
 
BANKING, FINANCE, ECONOMICS
the rate of interest that a bank or other financial organization charges for borrowing money: Iceland's central bank raised its key lending rate to 13.5%.cut/raise/increase the lending rate Policymakers at the Bank of Japan have decided to cut lending rates for small businesses. → Compare key lending rate, prime rate
(Definition of lending rate from the Cambridge Business English Dictionary © Cambridge University Press)
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