Investopedia / Michela Buttignol The bank rate, also known as the discount rate, is used by the Federal Reserve to calculate interest on loans it makes to U.S. banks. What Is a Bank Rate?

(MENAFN- Daily Forex) The bank rate is the interest rate charged by a central bank on borrowings to private banks. It is often called discount rate in American English. The bank rate is called by ...

However, the assumption seems to be that the Bank of England will still continue to reduce the Bank Rate gradually over the year, with a view to ending 2025 at below 4pc. Interest rate cuts are ...