base rate

  1. the interest rate set by the Bank of England for lending to other banks
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How To Use base rate In A Sentence

  • The Government is also understood to be divided over whether the increase in base rates will provoke a recession.
  • The Bank in this case endorses the change by bringing its intervention rates in line with the new base rate.
  • Often they don't bother to announce rises at all, and when they do the result rarely matches the hike to the base rate the Bank of England has announced.
  • The base rates varied greatly according to which definition of sexual recidivism was being used.
  • Tracker mortgages go up automatically because they are pegged to base rate.
  • For example, Abbey's postal Isa guarantees to pay at least 0.5 points above the base rate until April.
  • Even after the banks have applied their usurious premium to the base rate, borrowing remains a bargain. Times, Sunday Times
  • Interest will be charged at the rate of 1 percent above the Bank base rate prevailing for the relevant period.
  • He welcomed the reinstatement of the 10 per cent bank base rate.
  • Mortgage rates are still at around 9.25 percent, which is now 2.25 percent above the bank base rate.
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