Official bank rate
id:
official-bank-rate-163-2898388
title:
Official bank rate
text:
In the United Kingdom, the official bank rate is the rate that the Bank of England charges banks and financial institutions for loans with a maturity of 1 day. It is the Bank of England's key interest rate for enacting monetary policy. It is more analogous to the US discount rate than to the federal funds rate. The security for the lending can be any of a list of eligible securities and the transactions are overnight repurchase agreements. Changes are recommended by the Monetary Policy Committee
brand slug:
wiki
category slug:
encyclopedia
description:
Bank of England rate for 1-day loans
original url:
https://en.wikipedia.org/wiki/Official_bank_rate
date created:
2007-10-31T13:45:38Z
date modified:
2024-08-28T05:20:27Z
main entity:
{"identifier":"Q113581545","url":"https://www.wikidata.org/entity/Q113581545"}
image:
fields total:
13
integrity:
15