What is another word for bank rate?
Pronunciation: [bˈaŋk ɹˈe͡ɪt] (IPA) 
The "bank rate" is a term that refers to the interest rate charged by a central bank for lending money to commercial banks. The rate is an important tool used by the central bank to control and regulate the economy. Some synonyms for the term include "repo rate," "discount rate," and "base rate." The repo rate is the rate at which the central bank lends money to commercial banks in exchange for securities, while the discount rate is the rate at which commercial banks can borrow money from the central bank. The base rate is the minimum interest rate set by a commercial bank for its lending products. All these rates have a significant impact on the economy, influencing borrowing and lending patterns, and ultimately affecting economic growth.
