From Longman Dictionary of Contemporary Englishbank rateˈbank rate noun [countable] BFBPEthe rate of interest charged by banks lending money, decided by a country’s main bank SYN interest rate
Examples from the Corpus
bank rate• Some of his decisions, in particular the one to raise the bank rate to 6 percent in July 1916, were criticized.• The bank rate sets the trend for home, vehicle and other consumer loans.From Longman Business Dictionarybank rateˈbank rateFINANCEBANKING another name for BASE RATE → rate 