Economics · Monetary Policy
What is meant by the term 'Bank Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Official rate of interest at which the Central Bank of a country lends long-term funds to commercial banks✓
- 2The annual rate of profit earned by public sector banking institutions
- 3Interest rate charged by scheduled commercial banks to their regular corporate customers
- 4Interest rate charged by local moneylenders to borrowers
Correct answer
Official rate of interest at which the Central Bank of a country lends long-term funds to commercial banks
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