What is the meaning of Base rate?

This is the interest rate set by the Bank of England as a means of controlling inflation and the health of the economy.

Barry Goldsmith
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APABarry Goldsmith. (2010). base rate. Retrieved September 23, 2026, from http://smartdefine.org/base_rate/definitions/1148432
ChicagoBarry Goldsmith. 2010. "base rate" http://smartdefine.org/base_rate/definitions/1148432 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, base rate, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/base_rate/definitions/1148432>.
MLABarry Goldsmith. "base rate" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/base_rate/definitions/1148432>
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