| NOUN | possession | base rate | the interest rate set by the Bank of England for lending to other banks |
|---|
| Meaning | The interest rate set by the Bank of England for lending to other banks. | |
|---|---|---|
| Region | United Kingdom, UK, U.K., Britain, United Kingdom of Great Britain and Northern Ireland, Great Britain | A monarchy in northwestern Europe occupying most of the British Isles |
| Broader | interest rate, rate of interest | The percentage of a sum of money charged for its use |
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