bank rate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “bank rate” in the English Dictionary

"bank rate" in British English

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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

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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…
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“bank rate” in Business English

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