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Bank Rate |
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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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Instead, they must keep central bank rates below neutral, to promote domestic growth and imports. This is comparable with bank rates and much lower than the 120 or more per cent demanded by loan sharks. But with today's battered bank rates, "asking small investors to shun stocks completely is the worst piece of advice one could give," insists Thomas O'Hara, president of the National Association of Investors Corp. |
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bank rates
