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.

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...