After rate cut time for some painting (7)
I believe the answer is:
tempera
'some painting' is the definition.
(I've seen this before)
'after rate cut time' is the wordplay.
'after rate cut' becomes 'temp' (I can't explain this - if you can you should believe this answer much more).
'time' becomes 'era' (era is a kind of time).
'temp'+'era'='TEMPERA'
'for' acts as a link.
Can you help me to learn more?
(Other definitions for tempera that I've seen before include "A paint and a painting technique" , "Painting method using emulsion" , "Means of painting - pet mare (anag)" , "Emulsion paint" , "decorative style" .)