Definitions
There is 1 meaning of the phrase
Base Rate.
Base Rate - as a noun
The interest rate set by the bank of england for lending to other banks
Example Sentences
"The base rate of interest is currently set at 3%."
"Banks often charge a higher interest rate on loans than the base rate."
"The central bank announced a reduction in the base rate to stimulate economic growth."
"Savers are disappointed with the low base rate on their bank accounts."
"The base rate is used as a benchmark for determining the cost of borrowing."
