Princeton's WordNet
bank rate(noun)
the discount rate fixed by a central bank
Wiktionary
bank rate(Noun)
The rate of interest that a central bank charges when it lends money to another bank
ChatGPT
bank rate
The bank rate, also known as the discount rate, is the interest rate that a central bank charges commercial banks for loans and advances. It is set by the central bank of a country as part of its monetary policy and used as a tool to control the economy's money supply and inflation. Higher bank rates can discourage borrowing, while lower rates can encourage it.
Wikidata
Bank rate
Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances to a commercial bank. Whenever a bank has a shortage of funds they can typically borrow it from the central bank based on the monetary policy of the country. The borrowing is commonly done via Repos where the Repo rate is the rate at which the central bank lends short-term money to the banks against securities. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from the central bank becomes more expensive. It is more applicable when there is a liquidity crunch in the market. The reverse repo rate is the rate at which the banks can park surplus funds with reserve bank, while the repo rate is the rate at which the banks borrow from the central bank. It is mostly done when there is surplus liquidity in the market.
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Bratanek
Numerology
Chaldean Numerology
The numerical value of bank rate in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of bank rate in Pythagorean Numerology is: 9
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