1911 Encyclopædia Britannica/Bank Rate
BANK RATE, a term used in financial circles to designate the rate of discount charged in the chief monetary centres by the state or leading bank, as opposed to the open-market rate. (See Market: Money market.)
See also Bank rate on Wikipedia; and our 1911 Encyclopædia Britannica disclaimer.
BANK RATE, a term used in financial circles to designate the rate of discount charged in the chief monetary centres by the state or leading bank, as opposed to the open-market rate. (See Market: Money market.)