- 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
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples 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.
- another name for base rate (def. 2)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012