bank rate

noun

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

bank rate

noun

1. another name for base rate

Word History and Origins

Origin of bank rate¹

First recorded in 1875–80

Example Sentences

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

Related Words

• interest