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
Adjustable-rate mortgages, or ARMs, and home equity lines of credit, or HELOCs, are pegged to the prime rate, and are also elevated.
—
Jessica Dickler, CNBC, 30 July 2025
The People's Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday, in line with Reuters poll estimates.
—Anniek Bao, CNBC, 20 June 2025
China’s central bank made its first cut to its loan prime rates in seven months in a move welcomed by investors eager for more stimulus as the world’s second largest economy feels the pinch of Trump’s higher tariffs.
—Matt Ott, Chicago Tribune, 20 May 2025
China’s central bank made its first cut to its loan prime rates in seven months in a move welcomed by investors eager for more stimulus as the world’s second-largest economy feels the pinch of Trump’s higher tariffs.
—Stan Choe, Los Angeles Times, 20 May 2025
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Jessica Dickler, CNBC, 30 July 2025
The People's Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday, in line with Reuters poll estimates.
—Anniek Bao, CNBC, 20 June 2025
China’s central bank made its first cut to its loan prime rates in seven months in a move welcomed by investors eager for more stimulus as the world’s second largest economy feels the pinch of Trump’s higher tariffs.
—Matt Ott, Chicago Tribune, 20 May 2025
China’s central bank made its first cut to its loan prime rates in seven months in a move welcomed by investors eager for more stimulus as the world’s second-largest economy feels the pinch of Trump’s higher tariffs.
—Stan Choe, Los Angeles Times, 20 May 2025
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 20 Aug. 2025.
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