What is another word for prime interest rate?
Pronunciation: [pɹˈa͡ɪm ˈɪntɹəst ɹˈe͡ɪt] (IPA) 
The term "prime interest rate" refers to the interest rate that commercial banks charge their most creditworthy customers. However, there are several synonyms that are used to refer to this rate, depending on the context and the location. In the United States, for example, it may be called the "base rate" or the "prime lending rate." In the United Kingdom, it is commonly referred to as the "Bank of England base rate" or simply the "base rate." Other synonyms include the "benchmark rate," the "reference rate," and the "policy rate," which is used by central banks to regulate the economy. Whatever the name, the prime interest rate is an important economic indicator that affects many aspects of the financial landscape.
