prime rate
Example Sentences
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As for upcoming economic data releases, investors will be on watch for new foreign direct investment data expected soon as well as the central bank’s announcement on the latest loan prime rate.
Possibly the most telling statistic tracks the difference between borrowing benchmarks, such as the prime rate, and what you pay on your credit card.
From Los Angeles Times
On Tuesday, the People’s Bank of China is set to announce the latest one-year loan prime rate—the rate tied to the bulk of household and business loans—which is widely anticipated to remain unchanged.
It has steadily increased since 2022, mostly because of an increase in the prime rate, the benchmark for card issuers.
From Los Angeles Times
While Fed rate cuts can mechanically lower what some customers pay to borrow, such as via the prime rate that is often the base for credit-card rates, they usually don’t automatically flow through to cheaper deposit costs for banks.
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
