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| 1. ''UK.''
| | ''Financial services'' |
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| The official reference interest rate for the UK determined by the Bank of England's Monetary Policy Committee (MPC). | | The UK's Senior Managers Regime in relation to compliance. |
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| The Official Bank Rate is the rate used for certain key transactions between the Bank of England ('the Bank') and financial institutions.
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| It is designed to have the effect of determining the level of near risk-free interest rates throughout the UK financial sector.
| | ==See also== |
| | | *[[Anti money laundering]] |
| | | *[[Compliance]] |
| It is used by many financial institutions when setting interest rates for certain of their products.
| | *[[Financial Conduct Authority]] |
| | | *[[Senior Managers Regime]] |
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| The Official Bank Rate is often known - externally to the Bank - as the 'Bank of England Base Rate' (BBR).
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| Within the Bank of England, it is often abbreviated to 'the Bank Rate'.
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| Similar interest rates in other jurisdictions.
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| == See also == | |
| * [[Bank of England]] | |
| * [[Bank Rate]]
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| * [[Base rate]]
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| * [[Monetary Policy Committee]]
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| * [[MLR]] | |
| * [[Reference rate]] | |
| * [[Term Funding Scheme]] | |
Revision as of 21:32, 13 November 2016
Financial services
The UK's Senior Managers Regime in relation to compliance.
See also
