Definition of bank rate in English:

bank rate

Syllabification: bank rate

noun

  • The rate of discount set by a central bank.
    More example sentences
    • Two weeks ago, the central bank reduced its bank rate by 25 basis points to 7.50%.
    • The central bank left its bank rate at 7.50% during the last review on 14 October.
    • The central bank has reduced its bank rate by 150 basis points and expressed the hope that commercial banks will reduce their interest rates correspondingly.

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Word of the day mage
Pronunciation: meɪdʒ
noun
a magician or learned person