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base rate

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Related topics: Finance
ˈbase rate noun [countableC] British EnglishBrE  
BFin Britain, the standard rate of interest1(4), set by the Bank of England, on which all British banks base their charges 〔英格兰银行制定的〕基本利率 → prime rate
Examples from the Corpus
base rate• We would levy the charge at 1 percent above the Bank base rate prevailing for the relevant period.• Assume the current base rate is 10%.• Money markets fear a half point base rate rise on a Tory defeat.• Large corporate customers pay interest on overdrafts at the bank's base rate plus 1%.
From Longman Business Dictionary
base rateˈbase rateFINANCEBANKING
the basic rate of interest charged by the BANK OF ENGLAND, that replaced the BANK RATE and the MINIMUM LENDING RATE. The rates charged by all banks on their lending rise and fall with the base rate, and this has an important influence on the economy as a whole. Bank rate and minimum lending rate are still used in Britain and other countries to talk about the base rate
You will pay 2% below the base rate for the first two years of your mortgage.
→ rate
ˈbase rate noun
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See also: base rate

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