Meaning of “repo rate” in the English Dictionary

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"repo rate" in Business English

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repo ratenoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)