base rate

Noun
  1. The interest rate set by the Bank of England for lending to other banks (synset 113340748)
    domain region: britain, great britain, u.k., uk, united kingdom, united kingdom of great britain and northern ireland - a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; `Great Britain' is often used loosely to refer to the United Kingdom
    is a type of: interest rate, rate of interest - the percentage of a sum of money charged for its use

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