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Timeline Of Prime Rate Changes

A chronology of changes in the U.S. prime rate going back to 1972. The dates reflect when the prime rate change took effect. For example, the increases announced Tuesday, May 15th, 2001, will take effect on Wednesday, May 17.


2000


9.50 percent — May 17

9 percent — March 22


8.75 percent — Feb. 3


1999


8.50 percent — Nov. 16

8.25 percent — Aug. 24


8 percent — June 30


1998


7.75 percent — Nov. 18

8.00 percent — Oct. 16


8.25 percent — Sept. 30


1997


8.50 percent — March 26



1996


8.25 percent — Feb. 1


1995

8.50 percent — Dec. 20


8.75 percent — July 7


9 percent — Feb. 1


1994

8.50 percent — Nov. 15


7.75 percent — Aug. 16


7.25 percent — May 17


6.75 percent — April 18

6.25 percent — March 23


1993


5.5 percent — Oct. 18 (Morgan Guaranty first, nobody else significant followed. Morgan pushed it back up to 6 percent on March 17, 1994)


1992

6 percent — July 2


6.25 percent — April 20 (Chemical Banking Corp. only, rescinded June 5)


1991

6.5 percent — Dec. 20


7.5 percent — Nov. 6


8 percent — Sept. 13


8.5 percent — May 1


9 percent — Feb. 1


9.5 percent — Jan. 2


1990


10 percent — Jan. 8


1989


10.5 percent — July 10 and July 31


11 percent — June 5


11.5 percent — Feb. 24


11 percent — Feb. 10


1988


10.5 percent — Nov. 28


10.0 percent — Aug. 11


9.5 percent — July 14


9 percent — May 11


8.5 percent — Feb. 2


1987


8.75 percent — Nov. 5


9.0 percent — Oct. 22


9.25 percent — Oct. 7


8.75 percent — Sept. 4


8.25 percent — May 15


8.0 percent — May 1


7.75 percent — March 31


1986


7.5 percent — Aug. 26


8.0 percent — July 11


8.5 percent — April 21


9.0 percent — March 7


1985


9.5 percent — June 18


10.0 percent — May 20


10.5 percent — Jan. 15


1984


10.75 percent — Dec. 20


11.25 percent — Nov. 28


11.75 percent — Nov. 8


12.0 percent — Oct. 26


12.25 percent — Oct. 16


12.75 percent — Sept. 27


13.0 percent — June 25


12.5 percent — May 8


12.0 percent — April 6


11.5 percent — March 19


1983


11.0 percent — Aug. 8


10.5 percent — Feb. 28


11.0 percent — Jan. 11


1982


11.5 percent — Nov. 22


12.0 percent — Oct. 13


13.0 percent — Oct. 7


13.5 percent — Aug. 20


14.0 percent — Aug. 18


14.5 percent — Aug. 16


15.0 percent — Aug. 2


15.5 percent — July 29


16.0 percent — July 20


16.5 percent — Feb. 23


17.0 percent — Feb. 17


16.5 percent — Feb. 2


1981


15.75 percent — Dec 1


16.0 percent — Nov. 24


16.5 percent — Nov. 16


17.0 percent — Nov. 9


17.5 percent — Nov. 2


18.0 percent — Oct. 13


19.0 percent — Oct. 5


19.5 percent — Sept. 22


20.0 percent — Sept. 15


20.5 percent — July 8


20.0 percent — June 2


20.5 percent — May 22


20.0 percent — May 19


19.5 percent — May 11


19.0 percent — May 4


18.0 percent — April 29


17.5 percent — April 21


17.0 percent — March 25


17.5 percent — March 17


18.0 percent — March 10


18.5 percent — Feb. 24


19.0 percent — Feb. 23


19.5 percent — Feb. 3


20.0 percent — Jan. 9


1980


21.5 percent — Dec. 19


21.0 percent — Dec. 16


20.0 percent — Dec. 10


19.0 percent — Dec. 5


18.5 percent — Dec. 2


17.75 percent — Nov. 26


17.0 percent — Nov. 21


16.25 percent — Nov. 17


15.5 percent — Nov. 6


14.5 percent — Oct. 29


14.0 percent — Oct. 17


13.5 percent — Oct. 1


13.0 percent — Sept. 26


12.5 percent — Sept. 19


12.25 percent — Sept. 12


12.0 percent — Sept. 5


11.0 percent — July 24


11.5 percent — July 7


12.0 percent — June 20


12.5 percent — June 13 13.0 percent — June 6


14.0 percent — May 30


14.5 percent — May 27


16.5 percent — May 16


17.5 percent — May 7


18.5 percent — May 2


19.5 percent — April 18


20.0 percent — April 3


19.5 percent — April 1


19.0 percent — March 19


18.5 percent — March 14


17.75 percent — March 7


17.25 percent — March 4


16.75 percent — Feb. 29


16.5 percent — Feb. 26


15.75 percent — Feb. 19


1979


15.25 percent — Dec. 7


15.5 percent — Nov. 30


15.75 percent — Nov. 16


15.5 percent — Nov. 9


15.25 percent — Nov. 1


15.0 percent — Oct. 23


14.5 percent — Oct. 9


13.5 percent — Sept. 28


13.25 percent — Sept. 21


13.0 percent — Sept. 14


12.75 percent — Sept. 7


12.25 percent — Aug. 28


12.0 percent — Aug. 16


11.75 percent — July 27


11.5 percent — June 19


1978


11.75 percent — Dec. 26


11.5 percent — Nov. 24


11.0 percent — Nov. 17


10.75 percent — Nov. 6


10.5 percent — Nov. 1


10.25 percent — Oct. 27


10.0 percent — Oct. 13


9.75 percent — Sept. 28


9.5 percent — Sept. 15


9.25 percent — Aug. 31


9.0 percent — June 30


8.75 percent — June 16


8.5 percent — May 26


8.25 percent — May 5


8.0 percent — Jan. 10


1977


7.75 percent — Oct. 24


7.5 percent — Oct. 7


7.25 percent — Sept. 16


7.0 percent — Aug. 22


6.75 percent — May 31


6.5 percent — May 13


1976


6.25 percent — Dec. 13


6.5 percent — Nov. 1


6.75 percent — Oct. 4


7.0 percent — Aug. 2


7.25 percent — June 7


7.0 percent — June 1


6.75 percent — Jan. 21


7 percent — Jan. 12


1975


7.25 percent — Dec. 2


7.5 percent — Nov. 5


7.25 percent — Oct. 27


8 percent — Sept. 15


7.75 percent — Aug. 12


7.5 percent — July 28


7.25 percent — July 18


7 percent — June 9


7.25 percent — May 20


7.5 percent — March 24


7.75 percent — March 18


8 percent — March 10


8.25 percent — March 5


8.5 percent — Feb. 24


8.25 percent — Feb. 18


9 percent — Feb. 10


9.25 percent — Feb. 3


9.5 percent — Jan 28


9.25 percent — Jan. 20


10 percent — Jan. 15


10.25 percent — Jan. 9


1974


10.5 percent — Nov. 25


10.75 percent — Nov. 14


11 percent — Nov. 4


11.25 percent — Oct. 28


11.5 percent — Oct. 21


11.75 percent — Oct. 7


12 percent — July 5


11.75 percent — June 26


11.5 percent — May 17


11.25 percent — May 10


11 percent — May 6


10.75 percent — May 2


10.5 percent — April 25


10.25 percent — April 19


10 percent — April 11


9.75 percent — April 5


9.5 percent — April 3


9.25 percent — March 29


9 percent — March 22


8.75 percent Feb. 25


9 percent — Feb. 19


9.25 percent — Feb. 11


9.5 percent — Jan. 29


1973


9.75 percent — Oct. 24


10 percent — Sept. 18


9.75 percent — Aug. 28


9.5 percent — Aug. 22


9.25 percent — Aug. 13


9 percent — Aug. 6


8.75 percent — July 30


8.5 percent — July 18


8.25 percent — July 9


8 percent — July 3


7.75 percent — June 25


7.5 percent — June 8


7.25 percent — May 25


7 percent — May 7


6.75 percent — April 18


6.5 percent — March 26


6.25 percent — Feb. 27


1972


6 percent — Dec. 27


5.75 percent — Oct. 4


5.25 percent — June 26


5.5 percent — April 29


5 percent — April 5


4.75 percent — Jan. 31


5 percent — Jan. 24

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