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
The prime rate is, in theory, the rate lenders charge their most creditworthy customers.
—
Daniel De Visé, USA TODAY, 26 Oct. 2024
The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People’s Bank of China (PBOC) said.
—Lee Ying Shan, CNBC, 21 Oct. 2024
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
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Daniel De Visé, USA TODAY, 26 Oct. 2024
The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People’s Bank of China (PBOC) said.
—Lee Ying Shan, CNBC, 21 Oct. 2024
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
See all Example Sentences for prime rate
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“Prime rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prime%20rate. Accessed 21 Nov. 2024.
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