For the US financial company, see Bankrate. For interest rates paid by or to consumers or businesses, see interest rate.
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Bank rate, also known as discount rate in American English,[1] and (familiarly) the base rate in British English,[2] is the rate of interest which a central bank charges on its loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country, and has changed over time in some countries as the mechanisms used to manage the rate have changed.
Whenever a bank has a shortage of funds, they can typically borrow from the central bank based on the monetary policy of the country. The borrowing is commonly done via repos: the repo rate is the rate at which the central bank lends short-term money to the banks against securities. It is more applicable when there is a liquidity crunch in the market. In contrast, the reverse repo rate is the rate at which banks can park surplus funds with the reserve bank, which is mostly done when there is surplus liquidity.
^Cite error: The named reference boyes-et-al was invoked but never defined (see the help page).
^"Base rate change and mortgages |About the Bank of England base rate". Barclays Bank.
Bankrate, also known as discount rate in American English, and (familiarly) the base rate in British English, is the rate of interest which a central...
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary...
repo rate, banks are not legally required to reduce their own base rate. As the name suggest, reverse repo rate is just the opposite of repo rate. Reverse...
In the United Kingdom, the official bankrate is the rate that the Bank of England charges banks and financial institutions for loans with a maturity of...
Inter-Bank Offered Rate (Libor /ˈlaɪbɔːr/) was an interest rate average calculated from estimates submitted by the leading banks in London. Each bank estimates...
In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to...
list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary shortages of...
central bank to central bank, depending on the country's stage of development, institutional structure, tradition and political system. Interest rate targeting...
pay a fee—the interest rate—for that privilege. Interest rates vary according to: the government's directives to the central bank to accomplish the government's...
Reserve Bank of their region. The Federal Open Market Committee (FOMC) sets monetary policy by adjusting the target for the federal funds rate, which influences...
the inflation target. The bank aims to meet this target primarily by adjusting the base interest rate (known as the bankrate), which is decided by the...
A prime rate or prime lending rate is an interest rate used by banks, usually the interest rate at which banks lend to customers with good credit. Some...
negative interest rate, when it lowered its repo rate (the rate at which a central bank lends short-term money to commercial banks against securities)...
interest rates to the standard Annual Percentage RateBankrate, the rate of interest a central bank charges on its loans to commercial banks Discount...
The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. In some countries (the...
course interest rates are still very low," Governor Stephen Poloz subsequently said. In its press release, the bank had confirmed that the rate would continue...
official cash rate (OCR) is the term used in Australia and New Zealand for the bankrate and is the rate of interest which the central bank charges on overnight...
The BankRate Tribunal was a 1957 United Kingdom tribunal established under the Tribunals of Inquiry (Evidence) Act 1921 to inquire into the allegations...
The interest rate charged on such loans by a central bank is called the bankrate, discount rate, policy rate, base rate, or repo rate, and is separate...
It is also responsible for setting the overnight policy rate, the main policy or bankrate for Fiji. In 1914, the colonial government established the...
Bureau: International Database. Note: Sometimes World Bank changes its figures of fertility rates for a certain year due to more accurate and updated information...
Bank of Russia began to buy and sell foreign currency on the foreign exchange market created by it, establish and publish the official exchange rates...
which are valued by the Bank for International Settlements at US$5.3 trillion per day. The purchase is made at the spot contract rate. Retail customers will...
2010 and, in addition, annual growth rate indicator, based on data published by World Bank. After 2016, World Bank excluded Venezuela from the calculation...
Bank of Malaysia (BNM; Malay: Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (Bank...
Thursday'. To deal with the panic, banks and reserves across the world cut their interest rates, bankrates and cash flow rates, as well as offering unprecedented...
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations...
of historical rate actions by the United States Federal Open Market Committee (FOMC). The FOMC controls the supply of credit to banks and the sale of...
inflation target. The bank aims to meet this target by adjusting the base interest rate (known as the bankrate), which is decided by the bank's Monetary Policy...
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