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Thread: What is Meant by Bank of England Base Rate ?

  1. 04-12-09 #1
    shunmas
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    Default What is Meant by Bank of England Base Rate ?

    Hi!

    Q1: What is meant by Bank of England Base Rate ? If it is 0.5%, what does this mean ?

    Q2: Does central bank (CB) pays interest to commercial banks for depositing money with CB ?


    Thanks in advance.
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