prime rate

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

While you likely will never get the prime rate yourself, it’s the basis for all other types of interest and is commonly mentioned during financial news programs.

From Seattle Times

The PBoC’s failure to cut a key bank lending rate on Friday caused some to wonder if it will opt instead to slice its loan prime rate on Wednesday.

From Reuters

The People’s Bank of China has cut its one-year loan prime rate, the benchmark lending gauge it introduced in August 2019, twice by a total of 30 basis points - by 10 bps on Feb. 20 and 20 bps on April 20 - from 4.15% prevailing before the health crisis.

From Reuters

Providing a lift for Chinese markets, banks cut the benchmark interest rate, called the 1-year loan prime rate, by 0.20 basis points to 3.85%, seeking to boost the economy after it contracted by 6.8% in the first quarter of the year.

From Washington Times

The 5-year loan prime rate was cut by 10 basis points to 4.65%.

From Washington Times