Minimum Lending Rate


Minimum Lending Rate
/ˌmɪnɪməm 'lendɪŋ reɪt/ noun
formerly, the rate at which the Bank of England used to lend to other banks (now called the ‘base rate’).
Abbreviation MLR

Dictionary of banking and finance. 2015.

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  • minimum lending rate — ➔ rate1 * * * minimum lending rate UK US noun [C] (ABBREVIATION MLR) BANKING, FINANCE ► BASE RATE(Cf. ↑base rate): » …   Financial and business terms

  • minimum lending rate — the official interest rate charged by the Bank of England and below which it will refrain from lending money. * * * minimum lending rate noun (from 1972 to 1981) the minimum rate of interest charged by the Bank of England to the discount market • …   Useful english dictionary

  • minimum lending rate — MLR Between 1971 and 1981, the minimum rate at which the Bank of England would lend to the discount houses This was a published figure; the present more informal base rate does not have the same status …   Big dictionary of business and management

  • minimum lending rate — the official interest rate charged by the Bank of England and below which it will refrain from lending money. * * * …   Universalium

  • Bank of England minimum lending rate — ➔ rate1 …   Financial and business terms

  • rate — The cost of debt service paid by a borrower or issuer to a lender or investor. The rate is expressed as an annual percentage of the amount borrowed. For some notes and bonds that pay interest semiannually, the semiannual interest due to the… …   Financial and business terms

  • minimum — n. & adj. (pl. minima) n. the least possible or attainable amount (reduced to a minimum). adj. that is a minimum. Phrases and idioms: minimum lending rate the announced minimum percentage at which a central bank will discount bills (cf. base rate …   Useful english dictionary

  • Official bank rate — The official bank rate (also called the Bank of England base rate[1] 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… …   Wikipedia

  • Bank rate — For the company, see Bankrate. Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the …   Wikipedia

  • bank rate — noun the discount rate fixed by a central bank • Hypernyms: ↑discount rate, ↑discount, ↑bank discount * * * noun Etymology: bank (IV) : the discount rate fixed by a central bank (as by the Bank of England) …   Useful english dictionary