Definition of Bank rate
1. Noun. The discount rate fixed by a central bank.
Definition of Bank rate
1. Noun. (economics) The rate of interest that a central bank charges when it lends money to another bank ¹
¹ Source: wiktionary.com
Bank Rate Pictures
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Lexicographical Neighbors of Bank Rate
Literary usage of Bank rate
Below you will find example usage of this term as found in modern and/or classical literature:
1. Blackwood's Edinburgh Magazine (1866)
"Thus the level of the Bank-rate has of late been inordinately raised in this ... A year ago one great authority proclaimed that the high Bank-rate was a ..."
2. Foreign Exchange by Albert Conser Whitaker (1919)
"The bank rate 36 is a rate of discount, determined upon and made public by the directors of the Bank of England, as one at which the banking department ..."
3. Journal of the Statistical Society of London by Statistical Society (Great Britain) (1871)
"When the bank-rate is high, private individuals demand a higher rate of interest for the use of their money than when the bank-rate is low. ..."
4. The Merchants' Magazine and Commercial Review by Isaac Smith Homans, William Buck Dana (1861)
"bank rate. Open market- Paris, 5 per cent. Vienna, ... 5 " H per cent. ... In Lombard-street the minimum bank rate of 6 per cent, was charged for the best ..."
5. The Annual Register edited by Edmund Burke (1874)
"Market—bank rate of Discount—Railway Accidents—Board of Trade Circular ... The bank rate of discount was reduced early in the year from 5 per cent. to ft ..."
6. Manual of Political Economy by Henry Fawcett (1876)
"What is known as the Bank-rate of discount is the measure, at any particular time, of the value of money, where this expression is regarded as signifying ..."
7. The London Money Market: A Practical Guide to what it Is, where it Is, and by William Frederick Spalding, ( (1922)
"Except in abnormal circumstances, therefore, a rise in bank rate has for ... The utility of bank rate for checking the foreign demand for our gold when it ..."
8. The Operation of the New Bank Act by Jr Thomas Conway, Ernest Minor Patterson (1914)
"This situation in other countries has brought about the establishment of what is known as "the bank rate," which is merely a nominal rate at which the bank ..."