Bank Rate is the interest rate paid by major financial institutions if they borrow from the Bank of Canada. The Bank Rate influences the rates of interest major financial institutions charge and pay their customers.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). bank rate. Retrieved September 27, 2026, from http://smartdefine.org/bank_rate/definitions/1148343 |
| Chicago | Barry Goldsmith. 2010. "bank rate" http://smartdefine.org/bank_rate/definitions/1148343 (accessed September 27, 2026). |
| Harvard | Barry Goldsmith 2010, bank rate, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/bank_rate/definitions/1148343>. |
| MLA | Barry Goldsmith. "bank rate" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/bank_rate/definitions/1148343> |