bank rate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “bank rate” in the English Dictionary

"bank rate" in British English

See all translations

bank ratenoun [C]

uk   us  
the ​rate of ​interest set by a ​centralbank in a ​country that is the ​lowestrate at which it ​lendsmoney to other ​banks. This ​rateaffects the ​interestrates that are then ​charged to ​customers by the ​banks. the ​amount of ​interest that a ​bankcharges when it ​lendsmoney
(Definition of bank rate from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"bank rate" in Business English

See all translations

bank ratenoun [C]

uk   us   BANKING, FINANCE
the ​rate of ​interest that is set by a centralbank, and which is the ​lowestrate at which it ​lendsmoney to other ​banks. This ​rate affects the ​interestrates which are then ​charged to ​customers by the ​banks: Most ​peopleagreed that the ​bankrate would remain at 0.5% at least for the next 12 months.
See also
the ​amount of ​interest that a ​bankcharges: Falling ​bankrates have made interest-earning ​assets less attractive.
(Definition of bank rate from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “bank rate”
in Chinese (Simplified) 银行利率,银行贴现率,(尤指)最低贷率…
in Chinese (Traditional) 銀行利率,銀行貼現率,(尤指)最低貸率…
What is the pronunciation of bank rate?
Add Cambridge dictionaries to your browser to your website

“bank rate” in Business English

Word of the Day

drum

a musical instrument, especially one made from a skin stretched over the end of a hollow tube or bowl, played by hitting with the hand or a stick

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More