BASE RATE

Pronunciation (US): (GB):

Meaning:

The interest rate set by the Bank of England for lending to other banks

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("base rate" is a kind of...):

interest rate; rate of interest (the percentage of a sum of money charged for its use)

Domain region:

Britain; Great Britain; U.K.; UK; United Kingdom; United Kingdom of Great Britain and Northern Ireland (a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; 'Great Britain' is often used loosely to refer to the United Kingdom)