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Prime Rate

QUOTE AND NEWS
Ghana cbank postpones rate meeting until July
Reuters  May 18  Comment 
The Bank of Ghana's rate-setting Monetary Policy Committee (MPC) will meet in the week of July 12 to consider the prime rate, the bank said on Tuesday.
Business › Mizuho to cut long-term prime rate to 1.60%
Japan Today  May 10  Comment 
Mizuho Corporate Bank said Monday it will pare down its long-term prime rate 0.05 percentage point to 1.60% per year in light of the recent…
Watching for signs of prime rate lift-off
The Globe and Mail  Apr 20  Comment 
What you need to know before the markets open on Tuesday
Ghana lowers prime rate, more cuts seen in June
Reuters  Apr 16  Comment 
The Bank of Ghana lowered its prime rate by 100 basis points to 15 percent on Friday, feeding expectations of at least one more rate cut this year if inflation continues its downward path.
Ghana confirms cuts prime rate by 100bp to 15 pct
Reuters  Apr 16  Comment 
S.Africa c.bank says rate gap is "immaterial"
Reuters  Apr 8  Comment 
South Africa's central bank on Thursday said the gap between the repo rate and the prime rate did not affect the cost of borrowing for consumers, contradicting unions who claim consumers are not fully benefiting from lower interest rates.
Ghana cuts prime rate as inflation dips
Reuters  Feb 19  Comment 
The Bank of Ghana said Friday it had cut its prime interest rate by 200 basis points to 16.0 percent, the lowest since June 2008 as the west African economic heavyweight wrestles down inflation.




more ▼WIKI ANALYSIS
 


The Prime Rate is the base rate that banks use in pricing commercial loans to their best creditworthy customers. This rate is posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. This rate is affected by the Federal Reserve's decision to raise or lower prevailing interest rates for short-term borrowing.

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