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Discount Rate

The interest rate at which the Federal Reserve makes short-term loans to member banks. The discount rate is an indicator of the direction in which the Federal Reserve is trying to push the broader economy. In general, a low interest rate indicates that it is trying to promote growth by making liquidity easily available, and a high interest rate shows that the Fed is concerned about inflationary pressures on the economy and trying to reduce the amount of money in the economy. Along with the sale of Treasury securities and the determining of the fed funds rate, setting the discount rate is one of the primary ways the Federal Reserve sets the monetary policy of the United States.

bank rate

see INTEREST RATE.

bank rate

the former ‘official’ INTEREST RATE that was administered by the government as part of MONETARY POLICY in controlling the economy. Bank rate operated as the BASE RATE for the banking system, influencing interest rates charged on bank loans, mortgages and instalment credit. Bank rate was replaced in 1972 by the ‘minimum lending rate’, which itself was abolished in 1984. The ‘official’ interest rate is now set by the MONETARY POLICY COMMITTEE of the BANK OF ENGLAND. See Fig. 125.

bank rate

See discount rate.
References in periodicals archive ?
With a focus on having a strategic approach to maximizing returns and managing costs and fees for consumers, the regional manager in responsible for sorting through the latest bank rate data and presenting the best opportunities in the current banking environment The bank rates presented are aggregated from online research, direct contact and updated telephone surveys to compare and then display the best bank rates in the market.
He believed that if the inflation rates carried on increasing, then the Bank of Uganda would have to carry on raising the central Bank rate by 2% points to 16% in September.
consumer," said Bank Rate Monitor president and CEO William P.
Finance is extensive, convenient and easy-to-use, making it an ideal site for Bank Rate Monitor's independent and objective consumer information," said Bank Rate Monitor president and CEO, William P.
CompuServe, one of the world's premiere Internet online services, and Bank Rate Monitor, the consumer's leading source of independent, objective information about bank and credit products, Thursday announced an agreement that will expand the wealth of services available through CompuServe's Personal Finance Channel to include Bank Rate Monitor's online brand, bankrate.
June 3 /PRNewswire/ -- Bank Rate Monitor, the nation's leading source of consumer interest rates, has named William P.
May 29 /PRNewswire/ -- A do-it-yourself way for consumers to cut their credit card costs has been launched on the Internet by Bank Rate Monitor.
19 /PRNewswire/ -- Consumers should consider financing a new car or a home now, instead of waiting until next year, according to Bank Rate Monitor.
hosted by MoneyWhiz, Bank Rate Monitor's personal finance forum,
Bank Rate Monitor's Data Helps Users Make Smart Financial Decisions
com), the leading online mortgage broker, has been selected by Bank Rate Monitor (http://www.
Bank Rate Monitor combines over 20 years of data research and editorials about the banking industry that are licensed to national print and online publications.