prime rate
noun
: an interest rate formally announced by a bank to be the lowest available at a particular time to its most credit-worthy customers
called also prime interest rate
Examples of prime rate in a Sentence
Recent Examples on the Web
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement.
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Anniek Bao, CNBC, 20 Jan. 2025
The cut will reduce the prime rate and home equity loans will move down by .25 percent as a result.
—Gord Magill, Newsweek, 21 Dec. 2024
The most direct impact from changes to the central bank's federal funds rate is on the prime rate, which is the rate banks charge on loans to customers with good credit.
—Rob Wile, NBC News, 18 Dec. 2024
Variable mortgage rates, on the other hand, often move in the direction of prime rates, which are directly impacted by the policy rates.
—Reza Ghazi, Forbes, 20 Dec. 2024
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Anniek Bao, CNBC, 20 Jan. 2025
The cut will reduce the prime rate and home equity loans will move down by .25 percent as a result.
—Gord Magill, Newsweek, 21 Dec. 2024
The most direct impact from changes to the central bank's federal funds rate is on the prime rate, which is the rate banks charge on loans to customers with good credit.
—Rob Wile, NBC News, 18 Dec. 2024
Variable mortgage rates, on the other hand, often move in the direction of prime rates, which are directly impacted by the policy rates.
—Reza Ghazi, Forbes, 20 Dec. 2024
See All Example Sentences for prime rate
Cite this Entry
“Prime rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prime%20rate. Accessed 27 Feb. 2025.
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