Bank Rate
The bank rate is a central bank policy rate that influences borrowing costs, savings rates, inflation, and credit conditions.
Central-bank administered rate terms used in policy transmission, bank reserves, liquidity facilities, and bank product pricing.
Central bank administered rates are interest rates set, announced, or directly influenced by a monetary authority, rather than discovered only through private market trading.
Use this branch when a banking rate points back to official policy settings, reserve remuneration, discount facilities, or central-bank lending conditions. These rates can influence bank funding costs and customer pricing, but they do not automatically equal the final rate paid by every borrower or depositor.
| Term | What it helps clarify |
|---|---|
| Bank Rate | A central-bank lending or policy reference rate used in bank funding and monetary-policy discussion. |
| Key Rate | The main policy rate watched for direction of short-term interest conditions. |
| Lombard Rate | A collateralized central-bank lending rate used in some European banking contexts. |
| Negative Interest Rate Policy | A policy setting in which certain official rates can fall below zero. |
| Open Market Rate | A market-facing rate shaped by open-market activity rather than a single customer product. |
| Wall Street Journal Prime Rate | A widely cited U.S. prime-rate reference used in some lending contracts. |
Confirm the jurisdiction, central bank, announcement date, effective date, facility or account type, and whether the rate is a policy target, a lending facility rate, a deposit/reserve rate, or a private-sector reference derived from bank quotes.
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The bank rate is a central bank policy rate that influences borrowing costs, savings rates, inflation, and credit conditions.
A key rate is a benchmark interest rate used by a central bank or market to guide borrowing and lending conditions.
The Lombard rate is the rate charged by a central bank or lender on secured short-term borrowing against collateral.
Negative interest rate policy sets certain policy or deposit rates below zero to encourage lending, spending, or currency pressure.
An open market rate is a market-determined borrowing or lending rate rather than an administratively set policy rate.
The Wall Street Journal prime rate is a published U.S. benchmark based on major banks' prime lending rates.