Repo Rate
Noun
US
/ˈriːpəʊ reɪt/
UK
/ˈriːpəʊ reɪt/
US
/ˈriːpəʊ reɪt/
UK
/ˈriːpəʊ reɪt/
The rate at which the central bank lends money to commercial banks.
Repo Rate plays a key role in banking operations and personal borrowing decisions.
Also known as: Policy Rate, Repurchase Rate. Closely related to Reverse Repo Rate, Base Rate.
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Repo Rate - key concept in Banking & Interest.
Monetary policy; Bank lending rates; Inflation control
Applied in Banking & Interest contexts: Monetary policy; Bank lending rates