Bank Rate
/ˈbæŋk reɪt/
Definitions
- (n.) The interest rate set by a central bank at which it lends money to domestic banks, influencing overall economic activity.
The central bank raised the bank rate to curb inflation.
Forms
- bank rate
- bank rates
Related terms
See also
Commentary
In legal contexts, the bank rate often appears in financial regulations and contracts tied to monetary policy or lending terms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.