minimum lending rate
noun
the official interest rate charged by the Bank of England and below which it will refrain from lending money.
Words nearby minimum lending rate
minimill,
minimize,
minimoon,
minimoto,
minimum,
minimum lending rate,
minimum thermometer,
minimum tillage,
minimum wage,
minimum-access programming,
minimum-security
British Dictionary definitions for minimum lending rate
minimum lending rate
noun
(in Britain) the minimum rate at which the Bank of England would lend to discount houses between 1971 and 1981, after which it was replaced by the less formal base rate
Abbreviation: MLR