0 Anonymous Asked: September 5, 2017In: Jobs & Education Can you tell me what is Bank Rate 0 Share Facebook Report No Answers Voted Oldest Recent Anonymous Added an answer on September 5, 2018 at 10:12 am Bank rate is the rate at which central bank lends money to the domestic banks of the country. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on Google plus Share on WhatsApp eAnswers Team 4 Questions 27728 Answers 0 Best Answers 1 Points View Profile eAnswers Team Added an answer on September 5, 2018 at 5:19 am The bank rate is the rate of interest at which Central Bank of a country lends money to the domestic banks. When a domestic bank has a shortage of funds, it borrows funds from the central bank according to the monetary policies of that country. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on Google plus Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.
Bank rate is the rate at which central bank lends money to the domestic banks of the country.
eAnswers Team
The bank rate is the rate of interest at which Central Bank of a country lends money to the domestic banks. When a domestic bank has a shortage of funds, it borrows funds from the central bank according to the monetary policies of that country.