Historical Year Data · 2008

Bank Prime Loan Rate in 2008

Bank Prime Loan Rate opened 2008 at 7.25% and closed at 3.25%, a -55.17% move for the year. The high of 7.25% was reached on January 2, and the low of 3.25% on December 16.

Open

7.25%

2008-01

3.25%

254 data points

High

7.25%

Jan 2

Low

3.25%

Dec 16

Full Year Change

-55.17%

2007 Change

-12.12%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	7.25%	6.00%	7.25%	6.00%	-17.24%
Feb	6.00%	6.00%	6.00%	6.00%	+0.00%
Mar	6.00%	5.25%	6.00%	5.25%	-12.50%
Apr	5.25%	5.00%	5.25%	5.00%	-4.76%
May	5.00%	5.00%	5.00%	5.00%	+0.00%
Jun	5.00%	5.00%	5.00%	5.00%	+0.00%
Jul	5.00%	5.00%	5.00%	5.00%	+0.00%
Aug	5.00%	5.00%	5.00%	5.00%	+0.00%
Sep	5.00%	5.00%	5.00%	5.00%	+0.00%
Oct	5.00%	4.00%	5.00%	4.00%	-20.00%
Nov	4.00%	4.00%	4.00%	4.00%	+0.00%
Dec	4.00%	3.25%	4.00%	3.25%	-18.75%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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