bank rate


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Related to bank rate: prime rate

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

bank rate

see INTEREST RATE.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

bank rate

See discount rate.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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The last time the Bank Rate was changed was a reduction of 0.5% in March 2009 and the last change in the size of the Asset Purchase Programme was in July 2012 when it was increased by GBP50bn.
Bank of England maintains Bank Rate and Asset Purchase Programme size
"Any future increases in Bank Rate are expected to be at a gradual pace and to a limited extent.
Bank of England keeps interest rate at 0.5%
To understand why the MPC decided to raise Bank Rate, it is important to remember that Parliament has given the MPC responsibility to keep the rate of inflation - the pace of increase in prices of goods and services - at 2% a year.
Factors behind decision for first interest rate rise in 10 years
To that we can add a market clearing level of the Wicksellian natural rate of around 2-3 per cent and that gives us an expected level of Bank Rate in the region of 4-5 per cent.
Commentary: interest rate normalisation
Had she been quoted the bank rate of PS1 to [euro]1.16, her purchase would have been [euro]87.
M&S defend poor exchange rate for euro cash custom
"But once I am convinced, I can see Bank Rate rising more quickly than the path implied by the market curve at the time of the last Inflation Report."
Interest increases in future rate rise; In Brief
Explaining her view about interest rates, she said: "I think it is interesting to note that surveys of economic forecasters - a more direct measure of the expected future path of interest rates - show expectations for a faster pace of increases in Bank Rate."
Interest rates could rise quicker than forecast; ECONOMY
aACoeAccordingly, the Monetary Policy Committee decided to reduce the Bank Rate by half a percent to 7.5 percent.aACA[yen] BoB said assumptions on both the domestic and external economic outlook, as well as the inflation forecast, suggest that reducing the bank rate is consistent with maintaining inflation within the bankaACAOs 3 aACAo 6 percent objective range in the medium term.
Botswana slashes bank rate
Adding Savanna to the SelectCDrates.com team will further enhance the timely and practical bank rate data that is presented through their flag ship web site, www.selectcdrates.com.
New Bank Rate Hound at SelectCDrates.com
I AM sure other readers will have noted and thought about the new benchmark for determining the bank rate as the level of unemployment rather than as before the rate of inflation.
Bank rate benchmark; FEEDBACK
NEW DELHI -- At a time when interest rates are rising, some of the country's largest banks are trying to block a move to deregulate savings bank rate, fearing their cost would rise beyond 4% in a free market regime.
BIG BANKS TO MOVE SAVINGS RATE

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