Understand the differences between the prime rate and discount rate, how each affects borrowing costs, consumer loans, and the role of the Federal Reserve.

With over a dozen credit cards and millions of credit card points racked up, Nancy Jiang condenses the complex world of card-churning for maximum rewards with minimum effort. Her work has been ...

South Africa’s central bank seeks to replace prime, the main reference commercial banks use to price trillions of rands of loans, with its benchmark interest rate.

The SARB's plan to eliminate the prime interest rate in South Africa could have the opposite effect of what it intends.