Loan prime rates, China's market-based lending rate benchmarks, also dropped on Monday.
作为中国市场化贷款利率基准的贷款市场报价利率周一也有所下降。
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Now, they don't move in lock step with the prime rate, but they're expected to move up gradually.
他们不会同步上调优惠利率,而是会逐步进行上调。
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Far away Madagascar has the highest Commercial Bank prime lending rate at 61% And Malaysia has the world's tallest twin buildings the Petronas Towers at 452m high each.
When the Fed increases rates, banks raise the prime rate, a bench mark index used to set all kinds of consumer loans, credit cards, car loans, home equity lines and credit, private student loans.
Prime rate or prime lending rate is a term applied in many countries to reference an interest rate used by banks. The term originally indicated the interest rate at which banks lent to favored customers—i.e., those with good credit—but this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate.