Individual banks and financial institutions then use this federal funds rate as a starting point to set their own prime rate, or the interest rate passed onto the most creditworthy consumers.

China’s benchmark loan prime rates remained unchanged, extending a hold for a second month after a reduction in October, the People’s Bank of China said. The one-year loan prime rate held ...

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Thursday. The one-year and five-year LPRs were at 3.10% and 3.60% ...

The Hong Kong Monetary Authority (HKMA) kept its base rate at 4.75 per cent on Thursday, prompting HSBC and its subsidiary Hang Seng Bank, Standard Chartered Bank, Bank of China (Hong Kong) to ...