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English definition of “lending rate”

lending rate

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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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