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.
Definition of bank rate in:
- The British & World English dictionary