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Home > Terms > English, UK (UE) > base rate / prime rate
base rate / prime rate
The interest rate at which British banks lend to their best customers is called 'base rate'. In the US, the same interest rate is called 'prime rate'.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: General banking
- Company:
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