Define: Base Rate

Business, Legal & Accounting Glossary

Definition: Base Rate



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Full Definition of Base Rate


Base rate, sometimes referred to as repo rate, is the minimum rate at which banks are prepared to lend money – it acts as the benchmark for other interest rates, including personal loans and mortgages.

The central bank moves base rates by changing the dealing rates at which it buys bills from the discount houses.


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Base Rate. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/base-rate/

Definition Sources


Definitions for Base Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020