Prime Rate

QUOTE AND NEWS
DailyFinance  Mar 19  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 03/19/14 -- Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.06250 (5.00% annualized) for each Class A share which reflects the distribution policy of prime rate in...
Reuters  Sep 12  Comment 
The rate-setting committee of the Bank of Ghana decided on Wednesday to keep its prime interest rate unchanged at 15 percent, acting bank Governor Henry Kofi Wampah told a news conference.




 


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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