Definitions of base rate
lowest rate of interest a bank will charge and on which they calculate the rate of interest for all loans
The Bank of England recently announced its decision to increase the base rate by 0.25%, raising it to 4.75%.
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noun
lowest rate of interest a bank will charge and on which they calculate the rate of interest for all loans
The Bank of England recently announced its decision to increase the base rate by 0.25%, raising it to 4.75%.