benchmark rate
C1CEFR level
72/100Rarity: rare
TechnicalRegister
The reference interest rate set by a central bank that other rates in the economy are priced against.
The bank left its benchmark rate unchanged, signalling that the tightening cycle may be over.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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