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interest rate vs base rate

base rate vs interest rate

interest rate and base rate both are nouns.

Word NounAdjectiveVerbAdverb
interest rate Yes No No No
base rate Yes No No No
As nouns, base rate is a hyponym of interest rate; that is, base rate is a word with a more specific, narrower meaning than interest rate:
  • interest rate: the percentage of a sum of money charged for its use
  • base rate: the interest rate set by the Bank of England for lending to other banks
interest rate (noun) base rate (noun)
the percentage of a sum of money charged for its use the interest rate set by the Bank of England for lending to other banks
Difference between interest rate and base rate

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