prime interest rate Antonyms
No Synonyms and anytonyms found
Meaning of prime interest rate
Wordnet
prime interest rate (n)
the interest rate on short-term loans that banks charge their commercial customers with high credit ratings
prime interest rate Sentence Examples
- The central bank announced a decrease in the prime interest rate to stimulate economic growth.
- Homebuyers rejoiced as the prime interest rate dropped, making mortgages more affordable.
- Savvy investors keep a close eye on changes in the prime interest rate to make informed financial decisions.
- Many credit cards have variable interest rates tied to the prime interest rate.
- Businesses eagerly awaited the announcement of the new prime interest rate to plan their borrowing strategies.
- Rising inflation prompted the central bank to consider raising the prime interest rate to curb spending.
- Individuals with adjustable-rate mortgages may experience higher monthly payments if the prime interest rate increases.
- The prime interest rate serves as a benchmark for various lending products in the financial market.
- Analysts predict that the central bank will maintain the current prime interest rate amidst economic uncertainty.
- A decrease in the prime interest rate can encourage consumers to borrow and spend, stimulating economic activity.
FAQs About the word prime interest rate
the interest rate on short-term loans that banks charge their commercial customers with high credit ratings
No synonyms found.
No antonyms found.
The central bank announced a decrease in the prime interest rate to stimulate economic growth.
Homebuyers rejoiced as the prime interest rate dropped, making mortgages more affordable.
Savvy investors keep a close eye on changes in the prime interest rate to make informed financial decisions.
Many credit cards have variable interest rates tied to the prime interest rate.
