The official bank rate (also called the Bank of England base rate or BOEBR) is the interest rate that the Bank of England charges Banks for secured overnight lending. It is the British Government's key interest rate for enacting monetary policy. It is most analogous to the US discount window than to the Federal funds rate. The security for the lending can be any of a list of eligible securities and are transacted as overnight repurchase agreements.

PropertyValue
dbpprop:abstract
  • The official bank rate (also called the Bank of England base rate or BOEBR) is the interest rate that the Bank of England charges Banks for secured overnight lending. It is the British Government's key interest rate for enacting monetary policy. It is most analogous to the US discount window than to the Federal funds rate. The security for the lending can be any of a list of eligible securities and are transacted as overnight repurchase agreements. When an announcement of the change in interest rates is made this is the rate the Bank of England is changing. Changes are recommended by the Monetary Policy Committee and enacted by the Governor.
dbpprop:hasPhotoCollection
rdf:type
rdfs:comment
  • The official bank rate (also called the Bank of England base rate or BOEBR) is the interest rate that the Bank of England charges Banks for secured overnight lending. It is the British Government's key interest rate for enacting monetary policy. It is most analogous to the US discount window than to the Federal funds rate. The security for the lending can be any of a list of eligible securities and are transacted as overnight repurchase agreements.
rdfs:label
  • Official bank rate
owl:sameAs
skos:subject
foaf:page
is dbpprop:redirect of
is owl:sameAs of