<P> 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 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 ( commonly Gilts ) and are transacted as overnight repurchase agreements . Changes are recommended by the Monetary Policy Committee and enacted by the Governor . </P>
<P> 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 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 ( commonly Gilts ) and are transacted as overnight repurchase agreements . Changes are recommended by the Monetary Policy Committee and enacted by the Governor . </P>
bank of england base rate what does it mean
bank of england base rate what does it mean
the interest rate that the Bank of England charges Banks for secured overnight lending key interest rate for enacting monetary policy overnight repurchase agreements
the interest rate that the Bank of England charges Banks for secured overnight lending key interest rate for enacting monetary policy overnight repurchase agreements