repo rate
noun[C]
informalukus(alsorepo)FINANCE,STOCK MARKET,BANKING
abbreviationforrepurchaserate: theinterestrateforbonds,shares, etc. that areboughtback under arepurchaseagreement:
Theeconomydoes not need anyfurthercutsin the UK reporate.
TheGermancentralbankhasheldthe repo at 3.30% sinceFebruary.