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Bank Rate |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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Bank Rate The rate at which central banks lend funds to national banks. Notes: A central bank adjusts the supply of currency within national borders by adjusting the bank rate. When the central bank reduces the bank rate, it increases the attractiveness for commercial banks to borrow, thus increasing the money supply. When the central bank increases the bank rate, it decreases the attractiveness for commercial banks to borrow, consequently decreasing the money supply. |
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? Mentioned in | ? References in periodicals archive | |
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Their figures were based on data compiled by Bank Rate Monitor, an industry trade publication. According to Williamson, owner of Riverside Chrysler Plymouth, the rate offered by the Chrysler Credit Corporation was about two percentage points below the bank rate at the time of the interview. During this period, the many countries that had either adopted or restored the gold standard could depend on the Bank of England to provide predictable policy in which changes in the Bank rate carefully regulated the Bank's reserve position. |
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Bank Rate
