The bank rate and the repo rate are both interest rates that are used by the central bank to control the flow of money in the economy. The repo rate is the rate at which the central bank lends to commercial banks by buying securities, while the bank rate is the rate at which commercial banks borrow from the central bank without providing any securities as collateral
. The bank rate is generally higher than the repo rate, and both rates are used to influence the lending and borrowing activities of commercial banks, which in turn affects the overall money supply in the economy
