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Bank Rate
What Does Bank Rate Mean?
The rate at which central banks lend funds to national banks.
Investopedia explains Bank Rate
A central bank adjusts the supply of currency within national borders by adjusting the bank rate. When the central bank reduces the bank rate, it increases the attractiveness for commercial banks to borrow, thus increasing the money supply. When the central bank increases the bank rate, it decreases the attractiveness for commercial banks to borrow, consequently decreasing the money supply.
Related Links
- What Are Central Banks? - They print money, they control inflation, and much, much more. All you need to know about central banks is here.
- The Federal Reserve - Few organizations can move the market like the Federal Reserve. As an investor, it's important to understand exactly what the Fed does and how it influences the economy.
- Compare Local Interest Rates - Search and compare the best checking and savings rates nationwide from Bankrate.com. Click Here!
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CURRENT HIGH YIELD SAVINGS RATES
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