Overseen by theBritishBankers' Association in London, the rate serves as a benchmark for the borrowing costs of homeowners and companies.
该利率受伦敦的英国银行家协会监管,作为房主和企业贷款的基准利率。
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The interest rate is supervised by theBritishBankers' Association, which asks a panel of global Banks what it would cost them to borrow funds for certain times and in ten currencies.