bank rate

bank rate

noun
1.
the rate of discount fixed by a bank or banks.
2.
British. the discount charge set by a central bank, as by the Bank of England.

Origin:
1875–80

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
bank rate
 
n
another name for base rate

Collins English Dictionary - Complete & Unabridged 10th Edition
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