bank rate

Noun

Meaning

the discount rate fixed by a central bank

Source: WordNet

Synonyms

discount rate prime interest credit discount usury interest rate rate of interest lending base rate financing crediting prime interest rate percentage rate price of money
Show all synonyms

Hypernyms

discount discount rate bank discount

Examples

Earlier, it was linked to the Reserve Bank of India () bank rate plus 300 basis points. Source: Internet

In 2005 inflation was brought under control by tight monetary policy of raising the Taux Directeur (central bank rate) to 16% and tightening reserve requirements for banks. Source: Internet

He said the apex bank had always tried to keep the gap between the official rate, the Automated Teller Machine (ATM) bank rate and even BDC rates to within that range, usually about three per cent. Source: Internet

At a press conference held at the bank’s boardroom on Wednesday, director research, Dr. Kealeboga Masalila explained at 9,5 percent the bank rate would support sustainable growth of the economy contrary to what some analysts have said. Source: Internet

On the other side, MPC has been on overdrive cutting the bank rate thrice in successive meetings in a desperate bid to spur economic growth, which appear struggling. Source: Internet

The USD price is converted to CNY using the current AliPay exchange rate (Bank of China or China Construction Bank rate would be applied). Source: Internet

Close letter words and terms

bank panics bank paper bank pool bank reconciliation bank reconciliations bank records