Feedback
Base rate
Meaning
Noun
●
In Finance:
A
benchmark
interest rate
, from which other
interest rates
are
calculated
,
policy
rate
●
In British English:
Especially, the
interest rate
at which the Bank of England
lends
money to
commercial
bank
s.
Sourced from
Wiktionary
Join 10 million students and professionals writing 70% faster at QuillBot.com
Start writing better