prime rate
Example Sentences
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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.
On Monday, China’s central bank left the one- and five-year loan prime rate unchanged at 3.45% and 3.95%, in line with expectations.
From Seattle Times
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
