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 percent’
    • ‘The record inflation sparked off speculation on a possible spike in interest rates.’
    • ‘Higher taxes and surging interest rates in the 1990s limited the growth of the industry and drove some galleries out of business.’
    • ‘Loans raised to assist in the cleanup operations are expected to incur low interest rates with repayment deferred by perhaps 30 years.’
    • ‘Many people are living on a razor's edge and only a slight interest rate increase will drive them over the edge.’
    • ‘Inflation can be contained in the short run by high interest rates or an appreciating exchange rate.’
    • ‘The student loan interest rate will stay at 7 % for the year.’
    • ‘The rise in interest rates would worsen the economic slowdown requiring more potent measures to halt it.’
    • ‘Fixed rate mortgages carry a constant interest rate for the life of the loan, usually 15 or 30 years.’
    • ‘Even only a slight increase in the interest rate would put a great deal of pressure on borrowers.’
    • ‘The biggest concern for voters was the future of 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.’
    • ‘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.’