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What is the present bank rate?

Updated: 9/16/2023
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Q: What is the present bank rate?
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What is bank rate?

wat s bank present rate of interest? 6%


What is present bank rate of interest?

8%


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A bank rate is the rate at which a central bank charges interest when it lends money to another bank.


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The present Australian interest rates from major lenders vary between 4.5% and 6%. For example, the Interest Rate for Commonwealth Bank is 4.61%, while the interest rate for Suncorp Metway is 5.79%.


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