bank rate

1. 1.

   the discount rate fixed by a central bank

   Broaderdiscount rate

Questions about bank rate

What does bank rate mean?

bank rate means "the discount rate fixed by a central bank".

Is bank rate a common word?

bank rate is banded "Uncommon" — turns up in careful writing rather than conversation. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.