What is another word for prime interest rates?
Pronunciation: [pɹˈa͡ɪm ˈɪntɹəst ɹˈe͡ɪts] (IPA) 
There are several synonyms for the term "prime interest rates". Some of the most commonly used terms include benchmark rates, base rates, reference rates, and lending rates. These terms refer to the interest rates that banks charge their most creditworthy customers, typically large corporations or governments. Prime interest rates are important because they serve as a benchmark for other types of lending rates, such as mortgage rates and personal loan rates. In general, if the prime interest rate goes up, other lending rates will rise as well, and if the rate goes down, other rates will follow suit. Understanding these synonyms and their meanings can help individuals better manage their finances and make informed borrowing decisions.
