What is another word for base rate?
Pronunciation: [bˈe͡ɪs ɹˈe͡ɪt] (IPA) 
Base rate is a financial term used to describe the minimum interest rate established by a central bank for lending money to commercial banks. There are several other terms used as synonyms for base rate, including prime rate, benchmark rate, standard rate, reference rate, and key rate. Prime rate is another term used for the lowest interest rate at which commercial banks offer loans to their most creditworthy customers. Benchmark rate refers to the interest rate against which all other borrowing and lending rates are measured. The term standard rate is commonly used in the UK, while reference rate and key rate are frequently used in the US and Europe, respectively.
