Economics B A-Level
Base rate
What Base rate means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Base rate
Check what you remember
Read the wording for your board, then hide it and explain Base rate in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The official interest rate set by the Monetary Policy Committee, which influences commercial rates but is not the same as them.
Topics that use Base rate
- The role of the central bank (Pearson Edexcel A-Level)
Related terms
- Central bank
- Central banking
- Financial stability
- Inflation targeting
- Inflationary pressures
- Liquidity and solvency
- Macroprudential regulation
- Monetary policy
Using Base rate in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics B questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics B A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge