The Federal Reserve held interest rates steady on Wednesday, ending a string of three consecutive quarter-point rate cuts as ...

Central bankers cut rates three times last year, but are cautious about lowering borrowing costs any further due to a weakening job market. President Donald Trump has said his pick for a new Fed Chair ...

The Federal Reserve on Wednesday released its decision on interest rates.

South African Reserve Bank Governor Lesetja Kganyago suggests phasing out the prime interest rate, maintaining that greater ...

South African Reserve Bank Governor Lesetja Kganyago says he favours ending the use of the prime interest rate in the country.

Credit card lenders add a margin to the prime rate to arrive at your card’s variable APR. The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on ...