noun
official discount rate
Economic term for the interest rate set by a central bank for lending to commercial banks.
日銀は公定割引率を引き下げた。
The Bank of Japan lowered the official discount rate.
Synonym; 公定歩合 is more commonly used in modern Japanese for the official discount rate.
Compound of 公定 (official) + 割引 (discount) + 率 (rate).