Question

what is bank rate??​

Answer 1

Bank rate is the rate of interest which a central bank charges on its loans and advances to a commercial bank. 

Answer 2

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans. Managing the bank rate is a method by which central banks affect economic activity. Lower bank rates can help to expand the economy by lowering the cost of funds for borrowers, and higher bank rates help to reign in the economy when inflation is higher than desired.

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