base rate
(finance) A benchmark interest rate, from which other interest rates are calculated; a policy rate.
Seen in the wild
Really when the curve is steep you should stop doing sales. In any day you basically make notional * (gilt yield - base rate)/365 and you just don’t really want to do sales when this number is positive.
The obvious solution is for the BoE to transfer both the gilt position and novate a loan at the base rate to the DMO. The DMO can happily sit on the long gilts and issue shorter gilts to pa back the loan.
Definitions
(finance) A benchmark interest rate, from which other interest rates are calculated; a policy rate.
On loans to higher-risk customers, the bank charges 5% above the base rate.
Comments
(science) The background rate of occurrence of any phenomenon, which informs any logical analysis of its rate of occurrence under any subset of circumstances; especially, the proportion of individuals in a population who have a certain characteristic (e.g., trait, experience, circumstance), irrespective of any treatment effects in a treatment group of a scientific study.
On loans to higher-risk customers, the bank charges 5% above the base rate.
“Really when the curve is steep you should stop doing sales. In any day you basically make notional * (gilt yield - base rate)/365 and you just don’t really want to do sales when this number is positive.”
— Bluesky· May 2026“The obvious solution is for the BoE to transfer both the gilt position and novate a loan at the base rate to the DMO. The DMO can happily sit on the long gilts and issue shorter gilts to pa back the loan.”
— Bluesky· May 2026
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- prime rate63%
(US) The interest rate that large commercial banks charge on loans to customers with a high credit rating, i.e. those seen as at low risk of default.
- flat rate57%
(UK) a rate (typically of money) that does not vary over time.
- cost base56%
(finance, accounting, UK, AU, NZ) The fixed costs, and sometimes all other costs as well, involved in running a company or producing a product.
- basedness56%
(Internet slang) The quality of being based .