(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
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.
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.
(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.
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(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.
(UK) a rate (typically of money) that does not vary over time.
(finance, accounting, UK, AU, NZ) The fixed costs, and sometimes all other costs as well, involved in running a company or producing a product.
(Internet slang) The quality of being based .
On loans to higher-risk customers, the bank charges 5% above the base rate.
“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.”
“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.”
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(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.
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