Base rate and Green Finance Institute: Difference between pages

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Generally, a widely recognised and quoted interest rate - such as the Fed funds rate, the prime rate, or LIBOR - by reference to which a rate of interest is calculated. More properly, a "reference rate" or a "benchmark rate" and these avoid confusion with Base Rate (see below).
''UK Government - Green Finance.''


For example, in the phrase ‘LIBOR plus 50 basis points’, LIBOR is the base (reference) rate.
(GFI).


More particularly, a central bank rate may be known as Base Rate.  This is normally the rate at which the central bank will lend overnight funds, commonly of a secured basis, to financial institutions. By changing this Base Rate, they may hope to influence market rates generally. It seems that anticipated changes to Base Rate are one of the largest influences on market rate movements between actual Base Rate changes<ref>Paul Mizen and Boris Hofmann [http://www.bankofengland.co.uk/archive/Documents/historicpubs/workingpapers/2002/wp170.pdf "Working Paper No 170: Base rate pass-through: evidence from banks' and building societies' retail rates"], London, 2002, ISSN 1368-5562, format PDF, retrieved on 21 July 2014.</ref>.
The Green Finance Institute was established in 2019 and is funded by the UK Government and the City of London Corporation.


Base Rates, if secured, are like the [http://www.federalreserve.gov/monetarypolicy/discountrate.htm discount rate] applied to loans to eligible institutions from the US Federal Reserve Banks under the primary credit program of their "discount window".
It was established as a direct response to a policy recommendation made by the Green Finance Taskforce to the UK Government.  




== See also ==
Its mission is:
* [[LIBOR]]


:"To accelerate the transition to a clean, resilient and environmentally sustainable economy by channelling capital at pace and scale towards real-economy outcomes that will create jobs and increase prosperity for all."


==References==


<references />


[[Category:Manage_risks]]
==See also==
* [[City of London]]
* [[Green finance]]
* [[Green Finance Education Charter]]
* [[Green Finance Initiative]]
* [[Green jobs]]
* [[Ten Point Plan for a Green Industrial Revolution]]
 
[[Category:The_business_context]]
[[Category:Investment]]
[[Category:Financial_products_and_markets]]

Revision as of 05:16, 31 December 2021

UK Government - Green Finance.

(GFI).

The Green Finance Institute was established in 2019 and is funded by the UK Government and the City of London Corporation.

It was established as a direct response to a policy recommendation made by the Green Finance Taskforce to the UK Government.


Its mission is:

"To accelerate the transition to a clean, resilient and environmentally sustainable economy by channelling capital at pace and scale towards real-economy outcomes that will create jobs and increase prosperity for all."


See also

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