prime interest rate
Americannoun
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.
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.
From Reuters • Sep. 26, 2018
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.
From Washington Post • Jan. 6, 2016
Most consumer loans are tied to Treasury bills or the prime interest rate, which is what domestic banks charge each other to borrow money.
From Washington Post • Jul. 4, 2012
Last week the cost of money again ratcheted upward slightly, pushing the benchmark prime interest rate that big commercial banks charge to 20.5%, or just a percentage point below the alltime peak reached last December.
From Time Magazine Archive
The prime interest rate has fallen from the 21 1/2 percent the month before we took office to 7 1/2 percent today.
From State of the Union Address by Reagan, Ronald
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
