Definition of bank rate in English:

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bank rate

noun

Another term for base rate or discount rate.
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.

For editors and proofreaders

Line breaks: bank rate

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