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
Asian equities were mostly lower this week as Mainland China, South Korea, and Pakistan outperformed as China cut the 1 and 5-year loan prime rates (LPRs), which help set mortgage rates.
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Brendan Ahern, Forbes, 25 Oct. 2024
Chinese markets rose for a second day after the central bank cut its one-year and five-year loan prime rates on Monday.
—Stan Choe, Los Angeles Times, 23 Oct. 2024
Elsewhere, Asia-Pacific markets were mixed on Monday as traders assessed China’s loan prime rate announcement, with focus also on Japan’s general election at the end of the week.
—Sam Meredith,holly Ellyatt, CNBC, 21 Oct. 2024
Zoom in: The loans will range from $5,000 to $20,000 and be fixed at two percentage points below prime rates.
—Jason Clayworth, Axios, 21 Oct. 2024
See all Example Sentences for prime rate 
Brendan Ahern, Forbes, 25 Oct. 2024
Chinese markets rose for a second day after the central bank cut its one-year and five-year loan prime rates on Monday.
—Stan Choe, Los Angeles Times, 23 Oct. 2024
Elsewhere, Asia-Pacific markets were mixed on Monday as traders assessed China’s loan prime rate announcement, with focus also on Japan’s general election at the end of the week.
—Sam Meredith,holly Ellyatt, CNBC, 21 Oct. 2024
Zoom in: The loans will range from $5,000 to $20,000 and be fixed at two percentage points below prime rates.
—Jason Clayworth, Axios, 21 Oct. 2024
See all Example Sentences for prime rate
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'prime rate.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Prime rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prime%20rate. Accessed 5 Nov. 2024.
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