• a rate (= level of interest) decided by the Bank of England that banks use when deciding how much to charge for lending money:


    Base rates meaning & definition 1 of Base rates.


  • the rate of interest that is set by a central bank, and which is the lowest rate at which it lends money to other banks. This rate affects the interest rates which are then charged to customers by the banks:

    Base rates meaning & definition 2 of Base rates.

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