What is "Base rate"?

[Hari priya]

Base Rate is the minimum rate below which Bank’s are not permitted to lend barring certain exceptions

[jagadeeshwaran]

people with the taxable income up to $31,785 are base rateb tax payers and pay tax at 20%.those with the taxable income over the limit pay tax above the 40%on income above the threshold.taxable income over $150000 is taxed at 45%.

[wesley]

It is the interest rate set by the Bank of England for lending to other banks, used as a benchmark for interest rates generally.

[Vishnu varadhan]

• The base rate is the rate that the bank charge commercial banks and discount houses. It is also known as Repo rate. The base rate is used to influence other interest rates throughout the economy.

[arul]

In probability and statistical,base rate generally refers to the class probabilities unconditioned on featural evidence,frequently,also known as prior probabilies.

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