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Prime Rate is a commonly because banks want to offer pricing certain time-deposit products like United States.
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Bank Lending Rate in the.
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What Is The Prime Rate?Bank Lending Rate in the United States averaged percent from until , reaching an all time high of percent in August of The prime rate is defined by The Wall Street Journal (WSJ) as "The base rate on corporate loans posted by at least 70% of the 10 largest US banks.". US Bank Prime Loan Rate is at %, compared to % the previous market day and % last year. This is higher than the long term average of %.
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