rate hike

Language: en

📖 Definitions

  1. An increase in an interest rate, typically one set by a central bank to influence economic activity and control inflation.; An increase in a specific rate, such as a tax rate, service fee, or a price per unit.

💬 Examples

  1. The central bank announced a rate hike to combat rising inflation.

  2. The local government proposed a rate hike for water usage.