Prime Bank Loan Rate At 3.25%

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As per data released today, the Prime Bank Loan Rate stood at 3.25%. This rate is charged by banks from their most credit worthy customers. The Prime Bank Loan Rate has remained at 3.25% since January 2009. Interest rates are currently at very low levels over the last two decades, perhaps in an effort to encourage borrowing and business activity.

-Reported from the St. Louis Federal Reserve.

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