View synonyms for bank rate

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.

bank rate

First recorded in 1875–80

The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.

The rise of the bank rate shows that money is scarce; its fall, that money is plentiful.

Of late years the changes in the bank rate have been frequent, and the fluctuations even in ordinary years very severe.

So little had the anxieties of the autumn been anticipated that the bank rate of discount was 3% on the 1st of January.

On the 1st of January 1858 the bank rate was lowered to 8% and the anxiety gradually passed away.

The bank rate was raised to 10% and permission was given by the government to suspend the act.

April 25, 2024firkin

[fur-kin ]

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