| 单词 | bank rate |
| 释义 | bank rate The rate at which the Bank of England used at one time to rediscount first-class bills for its customers. It has long been abolished. At one time many other interest rates were specified in terms of their margin above bank rate. It directly affected other interest rates only when the market needed to borrow from the Bank of England, but changes in bank rate were announced as a means of informing the City of the Bank of England's views on what commercial interest rates should be. |
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