Historical Year Data · 2016
Bank Prime Loan Rate in 2016
Bank Prime Loan Rate opened 2016 at 3.50% and closed at 3.75%, a +7.14% move for the year. The high of 3.75% was reached on December 15, and the low of 3.50% on January 4.
Open
3.50%
2016-01
Close
3.75%
251 data points
High
3.75%
Dec 15
Low
3.50%
Jan 4
Full Year Change
+7.14%
2015 Change
+7.69%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Feb | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Mar | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Apr | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| May | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Jun | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Jul | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Aug | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Sep | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Oct | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Nov | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Dec | 3.50% | 3.75% | 3.75% | 3.50% | +7.14% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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