{"id":154210,"date":"2025-06-17T14:57:04","date_gmt":"2025-06-17T09:27:04","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=154210"},"modified":"2025-06-19T17:37:56","modified_gmt":"2025-06-19T12:07:56","slug":"what-is-base-rate","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/","title":{"rendered":"What Is Base Rate? &#8211; Meaning, Role, and Influencing Factors"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/www.practicemock.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/www.practicemock.com\/blog\/category\/banking-awareness\/\">Banking Awareness<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\">What Is Base Rate?<\/span><\/span><\/div>\n\n\n<p><\/p>\n\n\n\n<p>The base rate is an important concept that is frequently asked in banking exams. The candidates preparing for any bank exam must know about such important banking terms. Questions from this topic are generally asked in the General Awareness and Banking Awareness sections. Understanding the base rate helps you navigate how RBI&#8217;s monetary policy decisions (like repo rate, reverse repo rate, etc) work. A change in the base rate affects the overall lending capacity of the banks. Continue to read and know what is base rate is and its meaning, role, and factors influencing the base rate.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/ibps-po-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Attempt Free<\/strong> <strong>IBPS PO Mock Test 2025<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Base Rate in Banking?<\/h2>\n\n\n\n<p>The Base Rate is the minimum interest rate below which banks cannot lend loans to their customers. This rate can be adjusted for the bank&#8217;s employees. <strong>It is set by the individual banks<\/strong>, but is <strong>regulated by the RBI.<\/strong> The RBI sets the guidelines for calculating the base rate and ensures that the banks adhere to it.  The Base Rate replaced the <strong>Benchmark Prime Lending Rate (BPLR)<\/strong> system in <strong>July 2010<\/strong> to bring more transparency to the lending system. <strong>From April 2016, the base rate has been replaced by the MCLR<\/strong> <strong>(Marginal Cost of funds based Lending Rate)<\/strong>. The base rate is applicable for interest rates on loans approved before April 2016, and the MCLR applies to the interest rates on loans approved after April 2016. The base rate is calculated using factors such as the cost of funds, operating costs, profit margin, and regulatory requirements. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/ibps-clerk-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Attempt<\/strong> <strong>IBPS Clerk Free Mock Test 2025<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Meaning of Base Rate <\/h2>\n\n\n\n<p>The <strong>Base Rate<\/strong> is the <strong>lowest rate of interest<\/strong> a bank can charge its most creditworthy customers. It serves as a reference rate for all other loan rates. The base rate system applies to all loans, including home loans, personal loans, and other types of credit, as long as they were originated before June 30, 2010, and were renewed after that date.&nbsp;<\/p>\n\n\n\n<p><strong>Points to be noted:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Base rate was the minimum lending rate for banks.&nbsp;<\/li>\n\n\n\n<li>It was determined by the average cost of funds.&nbsp;<\/li>\n\n\n\n<li>Banks were required to review their base rate at least once every quarter.&nbsp;<\/li>\n\n\n\n<li>MCLR has replaced the base rate for new loans.&nbsp;<\/li>\n\n\n\n<li>Base rate-linked loans will continue to be affected by changes in the base rate.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>For example:<\/strong><br>If a bank&#8217;s base rate is <strong>5%<\/strong>, then it cannot offer any loans at an interest rate below <strong>5%<\/strong>, except in certain RBI-approved cases.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Role of the Base Rate in Banking<\/h2>\n\n\n\n<p>The base rate in banking improves Transparency, maintains uniformity, serves as a regulatory benchmark, and transmits monetary policy changes to the borrowers.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Improves<\/strong> <strong>Transparency<\/strong>: Prevents banks from charging arbitrarily low rates to preferred customers.<\/li>\n\n\n\n<li><strong>Maintains Uniformity<\/strong>: Ensures all types of borrowers are treated fairly based on risk.<\/li>\n\n\n\n<li><strong>Serves as a Regulatory Benchmark<\/strong>: Acts as a benchmark for setting lending interest rates.<\/li>\n\n\n\n<li><strong>Works as<\/strong> <strong>Monetary Transmission<\/strong>: Helps transmit the RBI\u2019s monetary policy changes to borrowers.<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/ibps-rrb-officer-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Attempt<\/strong> <strong>RRB PO Free Mock Test<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Factors Influencing the Base Rate<\/h2>\n\n\n\n<p>The factors influencing the base rate play an important role in the calculation of the base rate. The Base Rate is calculated based on the following components:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Cost of Funds<\/strong>: The average cost of deposits and borrowings for the bank.<\/li>\n\n\n\n<li><strong>Operating Expenses<\/strong>: Costs related to staff, administration, infrastructure, etc.<\/li>\n\n\n\n<li><strong>Minimum Profit Margin<\/strong>: A fixed return on capital to ensure profitability.<\/li>\n\n\n\n<li><strong>Negative Carry on CRR\/SLR<\/strong>: When banks earn less on mandatory reserves than what it costs them to maintain those reserves.<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.practicemock.com\/?next=https%3A%2F%2Fwww.practicemock.com%2Fs1pricing%2Findex.php%3Fc%3Dpremium&amp;ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1300\" height=\"500\" src=\"https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/Banking-Max-Course-1-1.png\" alt=\"\" class=\"wp-image-152921\"\/><\/a><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How was Base Rate used?<\/h2>\n\n\n\n<p>The Base Rate was used as the Minimum Lending Rate at which banks can offer loans to their customers. It was introduced by the RBI in 2010, replacing the benchmark lending rate for better Transparency. It was used as a benchmark for many loans, and most of the new loans now use MCLR (introduced by the RBI in April 2016) in place of the base rate used earlier. The Banks could add a small percentage to the base rate based on the borrower&#8217;s credit risk. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/ibps-rrb-assistant-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Attempt Free<\/strong> <strong>RRB Clerk Mock Test 2025<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Replacement of Base Rate by MCLR<\/h2>\n\n\n\n<p>MCLR is the Marginal cost of funds-based lending rate set by the RBI. The older base rate system was replaced by the MCLR system to bring more transparency. Now, MCLR is used as a minimum lending rate set by the RBI at which the banks can lend money to their customers.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Base Rate System<\/strong> has now been largely replaced by the <strong>Marginal Cost of Funds based Lending Rate (MCLR)<\/strong> since <strong>April 1, 2016<\/strong>, for new loans. However, older loans may still be linked to the base rate.<\/li>\n\n\n\n<li>Even after MCLR, the Base Rate remains relevant for tracking existing loan portfolios and understanding interest rate evolution in banking.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Difference Between Base rate and MCLR<\/h2>\n\n\n\n<p>The Base Rate and the MCLR (Marginal Cost of funds based on Lending Rate) are different based on many parameters, such as purpose, basis of calculation, components considered for calculation, rate review frequency, tenure-specific, transmission of policy, applicability, transparency, and link to repo rate. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Parameter<\/strong><\/th><th><strong>Base Rate<\/strong><\/th><th><strong>MCLR<\/strong> (Marginal Cost of Funds Based Lending Rate)<\/th><\/tr><\/thead><tbody><tr><td><strong>Introduction Date<\/strong><\/td><td>July 1, 2010<\/td><td>April 1, 2016<\/td><\/tr><tr><td><strong>Purpose<\/strong><\/td><td>To bring transparency in lending rates<\/td><td>To improve transmission of RBI policy rates<\/td><\/tr><tr><td><strong>Basis of Calculation<\/strong><\/td><td>Based on average cost of funds<\/td><td>Based on marginal cost of funds (latest borrowing rates)<\/td><\/tr><tr><td><strong>Components Considered<\/strong><\/td><td>&#8211; Cost of deposits- Operating expenses- Profit margin- CRR cost<\/td><td>&#8211; Marginal cost of funds- Operating expenses- Tenor premium- CRR cost<\/td><\/tr><tr><td><strong>Rate Review Frequency<\/strong><\/td><td>Generally reviewed quarterly<\/td><td>Reviewed monthly (banks publish MCLR for different tenures)<\/td><\/tr><tr><td><strong>Tenure-Specific Rates<\/strong><\/td><td>Single rate for all tenures<\/td><td>Different MCLR rates for different loan tenures (overnight, 1-month, 6-month, etc.)<\/td><\/tr><tr><td><strong>Transmission of Policy Rates<\/strong><\/td><td>Slower<\/td><td>Faster and more responsive to repo rate changes<\/td><\/tr><tr><td><strong>Applicability<\/strong><\/td><td>Loans sanctioned before April 2016<\/td><td>Loans sanctioned on or after April 1, 2016<\/td><\/tr><tr><td><strong>Transparency<\/strong><\/td><td>Less transparent than MCLR<\/td><td>More transparent due to structured formula<\/td><\/tr><tr><td><strong>Link to Repo Rate<\/strong><\/td><td>Not directly linked<\/td><td>Indirectly linked through cost of funds<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p>The Base Rate is the minimum interest rate below which banks cannot lend loans to their customers. It was introduced by the RBI in 2010, replacing the benchmark lending rate for better Transparency. It is set by the banks using the RBI guidelines. The Banks could add a small percentage to the base rate based on the borrower&#8217;s credit risk. The base rate in banking improves Transparency, maintains uniformity, serves as a regulatory benchmark, and transmits monetary policy changes to the borrowers. From April 2016, MCLR is used in place of base rate as a minimum lending rate set by the RBI at which the banks can lend money to their customers.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Banking Exams Free Mock Test<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><a href=\"https:\/\/www.practicemock.com\/ibps-rrb-officer-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB PO Free Mock Test <\/a><\/td><td><a href=\"https:\/\/www.practicemock.com\/ibps-po-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS PO Free Mock Test <\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/sbi-po-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\">SBI PO Free Mock Test<\/a><\/td><td><a href=\"https:\/\/www.practicemock.com\/ibps-so-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS SO Free Mock Test<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/ibps-rrb-assistant-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB Clerk Free Mock Test<\/a><\/td><td><a href=\"https:\/\/www.practicemock.com\/ibps-clerk-test-series\/?ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS Clerk Free Mock Test<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-center\"><em><strong>Join our exclusive Telegram group, where our experts are ready to answer all your queries, guide you in banking exam preparation, and give personalised tips to boost your success. Get access to real-time solutions, expert advice, and valuable resources to improve your study journey. <\/strong><\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-red-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/t.me\/bankgovtjobexamprep\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>PracticeMock Telegram group Link<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.practicemock.com\/?next=https%3A%2F%2Fwww.practicemock.com%2Fs1pricing%2Findex.php%3Fc%3Dpremium&amp;ref=13280\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1141\" height=\"550\" src=\"https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/Banking-Packages-Banner-5.png\" alt=\"\" class=\"wp-image-152865\"\/><\/a><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1750147436370\"><strong class=\"schema-faq-question\">Who decides the Base Rate?<\/strong> <p class=\"schema-faq-answer\">Each bank decides its own Base Rate based on guidelines issued by the Reserve Bank of India (RBI). <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1750147439581\"><strong class=\"schema-faq-question\">Is the Base Rate still applicable?<\/strong> <p class=\"schema-faq-answer\">The Base Rate has been replaced by the <strong>MCLR (Marginal Cost of Funds based Lending Rate)<\/strong> for new loans from April 1, 2016. And the older loans sanctioned before this date may still be linked to the Base Rate.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1750147440929\"><strong class=\"schema-faq-question\">Can I switch from a Base Rate loan to an MCLR-based loan?<\/strong> <p class=\"schema-faq-answer\">Yes, you can request your bank to switch your loan from Base Rate to MCLR. Some banks may charge a nominal fee for this conversion.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1750147443270\"><strong class=\"schema-faq-question\">Does RBI announce the Base Rate?<\/strong> <p class=\"schema-faq-answer\">No, RBI does not set or announce the Base Rate. Each bank sets its own Base Rate according to RBI guidelines.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1750148881242\"><strong class=\"schema-faq-question\">What components are included in the Base Rate calculation?<\/strong> <p class=\"schema-faq-answer\">Base Rate is calculated using:<br\/>1. Cost of deposits<br\/>2. Operating expenses<br\/>3. Negative carry on CRR\/SLR<br\/>4. Minimum profit margin<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>What Is Base Rate? &#8211; Meaning, Role, and Influencing Factors: Learn about the base rate and its application in the banking sector.<\/p>\n","protected":false},"author":29,"featured_media":154212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[3998],"tags":[],"class_list":["post-154210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-awareness"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Base Rate? - Meaning, Role, and Influencing Factors<\/title>\n<meta name=\"description\" content=\"What Is Base Rate? 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Over the years, I've been a dedicated government job aspirant, having attempted various competitive exams conducted by the Government of India, including SSC JE, RRB JE, Banking &amp; Insurance exams, UPSC CDS, UPSC CSE and GPSC. This journey has provided me with deep insights into the examination patterns and preparation strategies. Currently, I channel this experience into my role as a passionate content writer at PracticeMock, where I strive to deliver accurate and relevant information to candidates preparing for Banking exams, guiding them effectively on their preparation journey.","url":"https:\/\/www.practicemock.com\/blog\/author\/sandhya\/"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750147436370","position":1,"url":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750147436370","name":"Who decides the Base Rate?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Each bank decides its own Base Rate based on guidelines issued by the Reserve Bank of India (RBI). ","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750147439581","position":2,"url":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750147439581","name":"Is the Base Rate still applicable?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The Base Rate has been replaced by the <strong>MCLR (Marginal Cost of Funds based Lending Rate)<\/strong> for new loans from April 1, 2016. And the older loans sanctioned before this date may still be linked to the Base Rate.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750147440929","position":3,"url":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750147440929","name":"Can I switch from a Base Rate loan to an MCLR-based loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can request your bank to switch your loan from Base Rate to MCLR. Some banks may charge a nominal fee for this conversion.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750147443270","position":4,"url":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750147443270","name":"Does RBI announce the Base Rate?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, RBI does not set or announce the Base Rate. Each bank sets its own Base Rate according to RBI guidelines.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750148881242","position":5,"url":"https:\/\/www.practicemock.com\/blog\/what-is-base-rate\/#faq-question-1750148881242","name":"What components are included in the Base Rate calculation?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Base Rate is calculated using:<br\/>1. Cost of deposits<br\/>2. Operating expenses<br\/>3. Negative carry on CRR\/SLR<br\/>4. Minimum profit margin","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"uagb_featured_image_src":{"full":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",1200,675,false],"thumbnail":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",150,84,false],"medium":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",300,169,false],"medium_large":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",640,360,false],"large":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",640,360,false],"1536x1536":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",1200,675,false],"2048x2048":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",1200,675,false],"web-stories-poster-portrait":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",640,360,false],"web-stories-publisher-logo":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",96,54,false],"web-stories-thumbnail":["https:\/\/www.practicemock.com\/blog\/wp-content\/uploads\/2025\/06\/What-Is-Base-Rate.png",150,84,false]},"uagb_author_info":{"display_name":"Sandhya","author_link":"https:\/\/www.practicemock.com\/blog\/author\/sandhya\/"},"uagb_comment_info":3,"uagb_excerpt":"What Is Base Rate? - Meaning, Role, and Influencing Factors: Learn about the base rate and its application in the banking sector.","_links":{"self":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts\/154210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/comments?post=154210"}],"version-history":[{"count":0,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts\/154210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/media\/154212"}],"wp:attachment":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/media?parent=154210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/categories?post=154210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/tags?post=154210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}