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
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%.
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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
Zhang Peng | LightRocket | Getty Images China could cut its main policy rate as soon as next month following the country’s annual parliamentary meeting, economists told CNBC, after the country’s central bank kept the loan prime rates steady Thursday.
—Anniek Bao, CNBC, 20 Feb. 2025
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement.
—Anniek Bao, CNBC, 20 Jan. 2025
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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
Zhang Peng | LightRocket | Getty Images China could cut its main policy rate as soon as next month following the country’s annual parliamentary meeting, economists told CNBC, after the country’s central bank kept the loan prime rates steady Thursday.
—Anniek Bao, CNBC, 20 Feb. 2025
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement.
—Anniek Bao, CNBC, 20 Jan. 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 2 Apr. 2025.
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