bank rate


noun

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

Origin of bank rate

First recorded in 1875–80

Example sentences from the Web for bank rate

  • No, not quite all; for the bank-rate in England had suddenly jumped sky-high—higher, at any rate, than it had ever jumped before.

British Dictionary definitions for bank rate

bank rate

noun

another name for base rate (def. 2)