The rate at which the Central Bank discounts the bills of commercial banks is called

The central-bank rediscounting charge on commercial-bank bills is the discount rate. Bill rate, interest rate and lending rate are broader or different descriptions and do not name this specific facility. Discount Rate : Correct specific central-bank bill discounting term. Bill Rate : A bill-market yield is not the named rediscount facility rate. Interest Rate : Broad category, not the specific rate requested. Lending Rate : Broad lending charge does not identify bill rediscounting.