Difference between revisions of "Base Rate"
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Latest revision as of 11:20, 8 October 2019
Definition
Base Rate. A basic rate of interest, on which the actual rate a bank charges on loans to its customers is calculated
Typically, the bank base rate is a reference rate set by a central bank. Banks that are regulated by a given central bank cannot lend below the base rate to their customers. The bank base rate is determined on an ongoing basis and represents the central bank's judgement of the price of short-term funds on their interbank market.
Synonyms
- Bank Base Rate
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
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