Bank rate
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.
Historical Examples
But it must not be supposed that when bank rate is ineffective the Bank of England is doing no business.
Readings in Money and Banking Chester Arthur Phillips
“The bank rate is very satisfactory at present,” said Grafton.
The Graftons Archibald Marshall
So little had the anxieties of the autumn been anticipated that the bank rate of discount was 3% on the 1st of January.
Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 3 Various
In all transactions the bank rate governs as regards the minimum.
Readings in Money and Banking Chester Arthur Phillips
Of late years the changes in the bank rate have been frequent, and the fluctuations even in ordinary years very severe.
Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 3 Various
The rates for discount and loan transactions at the bank usually approximate more or less closely to the bank rate.
Readings in Money and Banking Chester Arthur Phillips
The bank rate was raised to 10% and permission was given by the government to suspend the act.
Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 3 Various
We regulate our deposit rate in accordance with the bank rate.
Readings in Money and Banking Chester Arthur Phillips
On the 1st of January 1858 the bank rate was lowered to 8% and the anxiety gradually passed away.
Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 3 Various
On the 1st of August the bank rate rose to 10 per cent., and the Stock Exchange was closed.
The Childrens’ Story of the War, Volume 1 (of 10) James Edward Parrott
noun
another name for base rate (sense 2)
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