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

These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Asian equities were mostly lower this week as Mainland China, South Korea, and Pakistan outperformed as China cut the 1 and 5-year loan prime rates (LPRs), which help set mortgage rates. —

Brendan Ahern, Forbes, 25 Oct. 2024 Chinese markets rose for a second day after the central bank cut its one-year and five-year loan prime rates on Monday. —

Stan Choe, Los Angeles Times, 23 Oct. 2024 Elsewhere, Asia-Pacific markets were mixed on Monday as traders assessed China’s loan prime rate announcement, with focus also on Japan’s general election at the end of the week. —

Sam Meredith,holly Ellyatt, CNBC, 21 Oct. 2024 Zoom in: The loans will range from $5,000 to $20,000 and be fixed at two percentage points below prime rates. —

Jason Clayworth, Axios, 21 Oct. 2024 See all Example Sentences for prime rate