It alters when three-quarters of these financial institutions adjust their rates. Historical prime rate trends analysis. Date of rate change: Rate: December 20, 2024: 7.50%: November 8, 2024: ...

The prime rate is one of the main factors banks use to determine interest rates on loans. If you’re in the market for a new variable rate mortgage or a personal loan, understanding the prime ...

The People's Bank of China (PBOC) cut its 7-day reverse repo rate by 10bp from 1.8% to 1.7%. China's loan prime rates (LPR) also fell 10bp, which came as a surprise as the earlier medium-term ...