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English definition of “repo rate”

repo rate

noun [C]     (also repo) informal
FINANCE, STOCK MARKET, BANKING abbreviation for repurchase rate: the interest rate for bonds, shares, etc. that are bought back under a repurchase agreement: The economy does not need any further cuts in the UK repo rate. The German central bank has held the repo at 3.30% since February.
(Definition of repo rate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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