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They ask what the prime rate is up to today.
Most are set at 1.25 to 2.5 percent above the prime rate.
The prime rate is not nearly so important these days as it was in the past.
The prime rate had sat at 13.5 percent since March.
The prime rate rose half a point, to 11 percent.
The prime rate reached 11 1/2 percent in early 1989.
Bank of America raised its prime rate to 9 percent.
A year ago, the prime rate at most banks was 6 percent.
The prime rate was cut a percentage point just over a week ago.
It is usually about two percentage points above the prime rate.
They increased the prime rate half a percentage point, to 9 percent.
Rates are usually prime rate plus 2,3 or 4 percent.
The prime rate, now at 14.75 percent, is higher than it was in January.
The prime rate is now three percentage points higher than it was a year ago.
It was the third increase since April 1, when the prime rate had stood at 7.5 percent.
Chase cut its prime rate to 10 1/2 percent on Monday.
A higher prime rate can affect consumers in several ways.
He does not expect large banks to lower their prime rates until early next year.
Under the old deal, interest was calculated as the prime rate plus 1 percent.
The long-term prime rate is for loans of five years or more.
Major banks followed this move with a half point increase in the prime rate, to 7.25 percent.
The prime rate has already been raised to 9.75 percent by three banks and others may follow.
The major banks got the message and quickly followed with a cut from 9 to 8 1/2 percent in the prime rate.
The increase in the prime rate will affect consumers and small business.
The prime rate will be down to at least 10 percent by year-end.
Both are tied, in most cases, to the banking industry's prime interest rate.
South African banks raised their prime interest rate yesterday for the second time in three weeks.
The change is usually tied to movement of an outside indicator, such as the prime interest rate.
I'm also pleased with the actions by two major banks today to lower their prime interest rates.
The experiment in controlling the money supply led to the highest prime interest rate ever - 20.5 percent on May 22, 1981.
"Some of this is due to improving consumer confidence, which followed the drop in the prime interest rate."
The prime interest rate, a highly important economic measure, eventually reached 21.5% in June 1982.
Every six months or so, it raises or lowers the prime interest rate by maybe a quarter of a percent.
The overnight rate is closely tied to the prime interest rate that banks charge their best customers.
A change in bank rates affects customers as it influences prime interest rates for personal loans.
He called the recent drop in the prime interest rate, after three increases in a year, "good news for consumers and for our industry."
Banks like Citicorp moved immediately to lift the prime interest rate to 9 percent from 8 1/2 percent.
The pain resulting from the huge debt became intense when prime interest rates peaked at 22 X percent in September 1981.
It explains the national debt, the foreign trade deficit, the decrease in personal savings, how the prime interest rate works, and the weakness of our leaders.
Inflation was most commonly between 9 and 10 percent annually and prime interest rates over 10 percent.
The US Federal Reserve cuts the prime interest rate by half a percent to three percent.
Factories have slashed staff and production in response to rising prices, strangling taxes, a prime interest rate of about 200 percent and foreign competition.
Amounts borrowed will bear interest at rates determined by Eurodollar deposits, or the prime interest rate, at the company's option.
The impact of the Brazilian crisis has been immediate, with the prime interest rate for private businesses rising from 11 percent to more than 13 percent overnight.
"That was sweaty palms time," Mr. Simmons said, recalling that the prime interest rate hit 20 percent that week.
With savings account rates around 3.5 percent, the prime interest rate at 8.5 percent and inflation around 11 percent, interest rates are negative.
In November 1980, the prime interest rate, the benchmark that banks use for setting a variety of other rates, stood at 15.5 percent; it is now 10 percent.
Institutional investors, such as the insurance companies that provide some of the debt financing, are seeking returns that are percentage points higher than the prime interest rate.
Rates typically quoted on banks' Web sites and by aggregators like BankRate.com reflect prime interest rates.
The paper reported recently that Mr. Durenberger had received nearly $1 million in loans below the prime interest rate for, among other things, a swimming pool.
Their rates are usually 1 to 2 points above the prime lending rate.
The prime lending rate in Canada is two points lower, at 7.5 percent.
But only one major bank, Chemical, cut its prime lending rate.
The banks' prime lending rate is currently 7 1/2 percent.
Indeed, several major banks raised their prime lending rates half a point, to 8 3/4 percent.
On Friday, many big banks cut their prime lending rates to 6 1/2 percent.
Commercial bank prime lending rate in 2009: ranked 183 out of 187 countries.
There now exists a potential for a cut in the prime lending rate by the major banks.
Banks immediately said today that they would raise their prime lending rates.
This, in turn, would almost certainly drive down the banks' prime lending rate, stuck at 6 percent since early summer.
That set off increases in other interest rates, including the prime lending rate by banks.
The loan is currently six percentage points above the prime lending rate, he said.
Banks immediately followed, raising their prime lending rates to 8.5 percent.
This, in turn, caused commercial banks to cut their prime lending rates by the same amount, to 9 percent.
In some countries, banks may publish a prime lending rate which is used as the index.
Interest rates on credit card balances are more than 10 points above the prime lending rate, now 8.75 percent.
Four big banks cut their prime lending rate by half a point to 9.5%.
A decade ago they could legally charge 110 percent interest, about 10 times the prime lending rate at banks.
Regulators have lowered that to 40 percent, about seven times the banks' prime lending rate.
Leading Canadian banks cut their prime lending rates half a percentage point today to 14.25 percent.
"This is why the bond market shrugged off the latest rise in the prime lending rate."
Home equity loans are usually tied to the banks' prime lending rate.
Banks last week lifted their prime lending rate to a seven-year high of 14.25 percent.
Several large commercial banks cut their prime lending rates by half a percentage point to 9 per cent.
Major banks raised their prime lending rates half a percentage point, to 11 percent, for the fifth increase in 12 months.