base rate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “base rate” in the English Dictionary

"base rate" in British English

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base ratenoun [C]

uk   us   UK specialized
a rate (= ​level of ​interest)decided by the Bank of ​England that ​banks use when ​deciding how much to ​charge for ​lendingmoney: Your ​mortgageinterestpayments are two ​percent below the ​baserate.
(Definition of base rate from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"base rate" in Business English

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base ratenoun [C]

uk   us   UK
BANKING, FINANCE, ECONOMICS 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: The ​baseratecurrentlystands at just under 1%.cut/raise, etc. the base rate The Bank of England ​cut the ​baserate by a ​quarterpoint to 3.5%. a baseratecut/​increase/​rise 0.95 ​points above/below (the) ​baserate
(Definition of base rate from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “base rate”
in Chinese (Simplified) 基本利率…
in Chinese (Traditional) 基本利率…
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