Rate base

Rate base,

Definition of Rate base:

  1. (in the UK) the interest rate set by the Bank of England for lending to other banks, used as the benchmark for interest rates generally.

  2. Number or value used in computing a service, taxation, or utility charge, or any other rate.

How to use Rate base in a sentence?

  1. If the Bank of England puts the base rate up, then mortgage rates will go up.

Meaning of Rate base & Rate base Definition