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base rate
noun
- the rate of pay per unit of time, as by the hour, or per piece, or for work performed at an established standard rate.
base rate
noun
- the rate of interest used by individual commercial banks as a basis for their lending rates
- informal.the rate at which the Bank of England lends to the discount houses, which effectively controls the interest rates charged throughout the banking system
- statistics the average number of times an event occurs divided by the average number of times on which it might occur
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亚洲网紅露点 History and Origins
Origin of base rate1
First recorded in 1920鈥25
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Example Sentences
Examples have not been reviewed.
Bank of England base rates at the time remained static at 0.5%.
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Stock markets in the United States, Europe and Asia plunged in the aftermath of President Trump鈥檚 announcement, which included a 10% base rate hike on nearly all foreign imports.
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Some countries will only face the base rate.
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About 600,000 homeowners have a mortgage that "tracks" the Bank of England's rate, so a base rate change has an immediate impact on monthly repayments.
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The prospect of further cuts in the base rate by the Bank of England has given mortgage providers confidence to reduce their own rates.
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