going rate
The current standard or usual price, rate, or salary for something.
He did a terrible job, and then charged more than twice the going rate for it!
ADV
highly
The new restaurant is rated highly by food critics in our city.
PREP
among
The chef's new restaurant has been rated among the best places to eat in the city.
as
Many people rate coffee as an essential part of their morning routine.
for
That restaurant is famous because it's highly rated for its delicious pizza and friendly service.
ADJ
competitive, cheap, low, moderate, reasonable
The hotel offers reasonable rates during the winter season, so we decided to book our stay then.
extortionate, high | excellent, good
poor
The hotel received poor rates from guests who complained about the noisy rooms.
fixed, flat
The gym offers a fixed rate membership if you commit to a one-year contract.
usual
going
The apartment costs $1,200 a month, which is the going rate for this neighborhood.
variable | annual, hourly, weekly | base, basic, standard
top
The restaurant received a top rate from the food critic in yesterday's review.
average
market
The bank offers competitive market rates for customers who open a savings account today.
group, preferential, reduced
If you book ten people together, you can get a preferential rate for the hotel.
bank, exchange, interest, lending, mortgage, tax
VERB + RATE
determine, fix, set | increase, lift, put up, raise | cut, lower, reduce
hold
The bank decided to hold rates steady despite pressure from investors.
charge
The hotel charges a special rate for guests who book more than three nights.
pay | give (sb), offer (sb)
RATE + VERB
go/shoot up, increase, rise
Hotel prices shot up during the summer holidays last year.
come/go down, drop
fluctuate
The interest rate fluctuated several times last year, making it hard for people to plan their mortgages.
apply to sth
Different prices apply to customers depending on when they book their flights.
PREP
at a/the ~
The company was growing at a rapid rate during those five successful years.
~ for
The hotel charges a special rate for families who book during the summer season.
~ of
The doctor was concerned about the rate of weight loss in her elderly patient.
PHRASES
a drop in interest rates, a rise in mortgage rates, etc.
Banks announced a drop in interest rates, which made borrowing cheaper for customers.