Historical Year Data · 2022
Bank Prime Loan Rate in 2022
Bank Prime Loan Rate opened 2022 at 3.25% and closed at 7.50%, a +130.77% move for the year. The high of 7.50% was reached on December 15, and the low of 3.25% on January 3.
Open
3.25%
2022-01
Close
7.50%
251 data points
High
7.50%
Dec 15
Low
3.25%
Jan 3
Full Year Change
+130.77%
2021 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.25% | 3.25% | 3.25% | 3.25% | +0.00% |
| Feb | 3.25% | 3.25% | 3.25% | 3.25% | +0.00% |
| Mar | 3.25% | 3.50% | 3.50% | 3.25% | +7.69% |
| Apr | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| May | 3.50% | 4.00% | 4.00% | 3.50% | +14.29% |
| Jun | 4.00% | 4.75% | 4.75% | 4.00% | +18.75% |
| Jul | 4.75% | 5.50% | 5.50% | 4.75% | +15.79% |
| Aug | 5.50% | 5.50% | 5.50% | 5.50% | +0.00% |
| Sep | 5.50% | 6.25% | 6.25% | 5.50% | +13.64% |
| Oct | 6.25% | 6.25% | 6.25% | 6.25% | +0.00% |
| Nov | 6.25% | 7.00% | 7.00% | 6.25% | +12.00% |
| Dec | 7.00% | 7.50% | 7.50% | 7.00% | +7.14% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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