Reference rate: Difference between revisions
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*[[OBFR]] | *[[OBFR]] | ||
*[[Official Bank Rate]] | *[[Official Bank Rate]] | ||
*[[SOFR]] | |||
*[[SONIA]] | *[[SONIA]] | ||
*[[Zero rate provision]] | *[[Zero rate provision]] | ||
Latest revision as of 19:15, 22 June 2024
A reference rate is a widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or SONIA - by reference to which a rate of interest is calculated.
For example, in the rate ‘SONIA plus 50 basis points’, SONIA is the reference rate.
