BASE RATE Definition & Meaning

base rate

noun

the rate of pay per unit of time, as by the hour, or per piece, or for work performed at an established standard rate.

base rate

noun

the rate of interest used by individual commercial banks as a basis for their lending rates
informal��the rate at which the Bank of England lends to the discount houses, which effectively controls the interest rates charged throughout the banking system
statistics the average number of times an event occurs divided by the average number of times on which it might occur

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51�Թ� History and Origins

Origin of base rate¹

First recorded in 1920–25

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Example Sentences

Examples have not been reviewed.

"With the base rate dropping again, that's given a bit of a boost to buyers."

From

Nearly 600,000 homeowners have a mortgage that "tracks" the Bank of England's rate, so a base rate change would have an immediate impact.

From

About 600,000 homeowners have a mortgage that "tracks" the Bank of England's rate, so a base rate change has an immediate impact on their monthly repayments.

From

Bank of England base rates at the time remained static at 0.5%.

From

Stock markets in the United States, Europe and Asia plunged in the aftermath of President Trump’s announcement, which included a 10% base rate hike on nearly all foreign imports.

From

base price base rate fallacy

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