Categories > Money, Banking, & Finance > Interest Rates > Prime Bank Loan Rate
Observation:
May 2023: 8.23 (+ more) Updated: 3:21 PM CDTMay 2023: | 8.23 | |
Apr 2023: | 8.00 | |
Mar 2023: | 7.82 | |
Feb 2023: | 7.74 | |
Jan 2023: | 7.50 | |
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Units:
Percent,Frequency:
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Source: Board of Governors of the Federal Reserve System (US)
Release: H.15 Selected Interest Rates
Units: Percent, Not Seasonally Adjusted
Frequency: Monthly
Averages of daily figures.
Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term business loans.
Board of Governors of the Federal Reserve System (US), Bank Prime Loan Rate [MPRIME], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPRIME, June 1, 2023.