Definition of base rate noun from the Oxford Advanced Learner's Dictionary


base rate

BrE BrE//ˈbeɪs reɪt//
; NAmE NAmE//ˈbeɪs reɪt//
(finance) Economy
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a rate of interest, set by a central bank, that banks in Britain use when calculating the amount of interest that they charge on money they lend compare prime rate See related entries: Economy