base rate Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “base rate” in the English Dictionary

"base rate" in British English

See all translations

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

See all translations

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…
What is the pronunciation of base rate?
Add Cambridge dictionaries to your browser to your website
Word of the Day
public school

in England, an expensive type of private school (= school paid for by parents not by the government)

Word of the Day