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Whipsaw Glossary

Currently viewing the Whipsaw terms beginning with letter: Z
 
 
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    • Base Rate
      The base rate is the lowest rate of interest that a bank will charge. However loans are normally offered at a rate of x% above base rate depending on the risk profile of the borrower. The base rate normally matches the Bank of England base rate, which is reviewed on a monthly basis by the Bank's Monetary Policy Committee. The base rate is set at a level to meet the Government's inflation target.