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
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Some 30-year Treasury bonds went over 15% while prime rates for sound business loans hit 21.5%.
—
Edward Lotterman, Twin Cities, 27 Apr. 2025
However, mainland China's CSI 300 added around 0.3% as the People's Bank of China kept its loan prime rates unchanged.
—Yeo Boon Ping, CNBC, 21 Apr. 2025
Chinese central bank keeps rates steady The People’s Bank of China on Thursday also held its key lending rates, keeping the 1-year loan prime rate at 3.1% and the 5-year rate at 3.6%.
—Yeo Boon Ping, CNBC, 20 Mar. 2025
With its variable rates, payment amounts adjust when the Federal Reserve changes the prime rate.
—Brock Blake, Forbes, 17 Mar. 2025
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Edward Lotterman, Twin Cities, 27 Apr. 2025
However, mainland China's CSI 300 added around 0.3% as the People's Bank of China kept its loan prime rates unchanged.
—Yeo Boon Ping, CNBC, 21 Apr. 2025
Chinese central bank keeps rates steady The People’s Bank of China on Thursday also held its key lending rates, keeping the 1-year loan prime rate at 3.1% and the 5-year rate at 3.6%.
—Yeo Boon Ping, CNBC, 20 Mar. 2025
With its variable rates, payment amounts adjust when the Federal Reserve changes the prime rate.
—Brock Blake, Forbes, 17 Mar. 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 7 May. 2025.
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