Historical Year Data · 2023
Bank Prime Loan Rate in 2023
Bank Prime Loan Rate opened 2023 at 7.50% and closed at 8.50%, a +13.33% move for the year. The high of 8.50% was reached on July 27, and the low of 7.50% on January 3.
Open
7.50%
2023-01
Close
8.50%
253 data points
High
8.50%
Jul 27
Low
7.50%
Jan 3
Full Year Change
+13.33%
2022 Change
+130.77%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 7.50% | 7.50% | 7.50% | 7.50% | +0.00% |
| Feb | 7.50% | 7.75% | 7.75% | 7.50% | +3.33% |
| Mar | 7.75% | 8.00% | 8.00% | 7.75% | +3.23% |
| Apr | 8.00% | 8.00% | 8.00% | 8.00% | +0.00% |
| May | 8.00% | 8.25% | 8.25% | 8.00% | +3.13% |
| Jun | 8.25% | 8.25% | 8.25% | 8.25% | +0.00% |
| Jul | 8.25% | 8.50% | 8.50% | 8.25% | +3.03% |
| Aug | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
| Sep | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
| Oct | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
| Nov | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
| Dec | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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