Market Rates (Finance)
Typical interest rates, fees, terms offered in financial market for different types of borrowing.
Real World
When the Bank of England raised the base rate from 0.1% to 5.25% between 2021 and 2023, UK businesses saw market borrowing rates surge, forcing many SMEs to delay investment or refinance at significantly higher cost.
Exam Focus
Connect market rate changes to a named macro factor (e.g. BoE base rate) — contextualised answers score higher on application marks.
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