Prime interest rate slips another notch

The prime rate edged downward another notch Monday as Morgan Guaranty Trust, the nation's fifth-largest bank, lowered its key lending rate to 19 percent, from 19 1/2 percent. The reduction put the corporate loan rate at its lowest level since Dec. 10. Analysts said the slow but gradual decline of the prime has resulted from a steep decline in credit dema nd and lower cost of funds to banks.

You've read  of  free articles. Subscribe to continue.
QR Code to Prime interest rate slips another notch
Read this article in
https://www.csmonitor.com/1981/0210/021016.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe