taxa básica
1. The interest rate set by a central bank as the foundation for all other interest rates in an economy
The Federal Reserve raised the base rate by 0.5% to combat inflation.
O Banco Central aumentou a taxa básica em 0,5% para combater a inflação.
2. In insurance and statistics, the initial or fundamental rate before adjustments or modifications
The base rate for car insurance is calculated before adding surcharges.
A taxa básica do seguro auto é calculada antes de adicionar sobretaxas.
3. A cognitive bias where people rely too heavily on general statistics (base rate) and ignore specific case information
Investors often fall victim to base rate fallacy when evaluating stock performance.
Investidores frequentemente cometem o erro da taxa base ao avaliar o desempenho de ações.
In Brazil, the term 'taxa Selic' is more commonly used than 'taxa básica' when referring to the official base rate set by the Central Bank. The base rate is crucial for understanding Brazilian monetary policy and inflation control. In the USA, the Federal Reserve's base rate decisions significantly impact global financial markets and are closely monitored by investors and economists worldwide.
Related Idioms & Phrases
base rate fallacy - the tendency to ignore statistical information and focus on individual cases
change in base rates - fluctuations in central bank interest rates
below the base rate - interest rates lower than the benchmark
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