Definition of interest rate in English:

interest rate

noun

  • The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding:

    ‘reduced interest rates encourage people to spend money on home improvements’
    ‘an interest rate of 10 per cent’
    • ‘The biggest concern for voters was the future of interest rates.’
    • ‘Loans raised to assist in the cleanup operations are expected to incur low interest rates with repayment deferred by perhaps 30 years.’
    • ‘Even only a slight increase in the interest rate would put a great deal of pressure on borrowers.’
    • ‘The rise in interest rates would worsen the economic slowdown requiring more potent measures to halt it.’
    • ‘The record inflation sparked off speculation on a possible spike in interest rates.’
    • ‘The Australian Government does not control interest rates - the Reserve Bank does.’
    • ‘The low interest rate has triggered a housing bubble.’
    • ‘Nobody can guarantee what interest rates will do in the future.’
    • ‘The student loan interest rate will stay at 7 % for the year.’
    • ‘Inflation can be contained in the short run by high interest rates or an appreciating exchange rate.’
    • ‘Persistently high interest rates pursued by many governments of the region have choked off enthusiasm for domestic borrowing by foreign investors.’
    • ‘High interest rates increase the cost of capital.’
    • ‘Fixed rate mortgages carry a constant interest rate for the life of the loan, usually 15 or 30 years.’
    • ‘Higher taxes and surging interest rates in the 1990s limited the growth of the industry and drove some galleries out of business.’
    • ‘Many people are living on a razor's edge and only a slight interest rate increase will drive them over the edge.’