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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.
Bank rate, also referred to as the discount rate of interest which a central bank charges on the loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country and has changed over time in some countries as the mechanism used to manage the rate have changed.
This is a list of countries by a simple average of annualized interest rates of commercial banks for charging on new loans, denominated in the national currency, to their most credit-worthy customers.
