Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “bank rate”

bank rate

noun [C]    
the rate of interest set by a central bank in a country that is the lowest rate at which it lends money to other banks. This rate affects the interest rates that are then charged to customers by the banks.Savings, interest and capital the amount of interest that a bank charges when it lends moneySavings, interest and capital
(Definition of bank rate noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
Focus on the pronunciation of bank rate

Definitions of “bank rate” in other dictionaries

Translations of “bank rate”

Word of the Day

warm-up

something that you do to prepare yourself for an activity, especially gentle exercises before a physical activity

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More