TERMIUM Plus®

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WATCH RATE [1 record]

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Record 1 2004-09-24

English

Subject field(s)
  • Banking
OBS

[U.S. Treasury Secretary Donald T. Regan] took aim at the prime [rate]. He pointed to the Federal Reserve Board's quarterly survey of bank lending, which showed that 48 large banks made 79 per cent of their short-term business loans below the prime rate in May. In place of the prime as a borrowing benchmark, Regan proposed a new barometer he dubbed the "watch rate" or "loan rate" that would reflect the lowest rates available to the best borrowers.

French

Domaine(s)
  • Banque

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
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