prime interest rate

noun

Banking.

1. prime rate.

Example Sentences

Well, the Federal Reserve tried to deliver some Wednesday by lowering its prime interest rate by .5 percent, but Trump screamed foul.

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Banks are likely to raise the benchmark prime interest rate for the first time since 2006 this week following another expected rate rise by the U.S.

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When the Federal Reserve raised short-term interest rates in December, it affected the prime interest rate that banks use to set rates on credit cards and other loans.

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Putin didn't mention the 3.2 percent economic contraction this year forecast by Russia's central bank, or the 11.5 percent prime interest rate to prop up the rouble.

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The Fed continues to hold the prime interest rate near zero.

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Related Words

• interest