MUFG Bank, Ltd. decreases Prime Rate
This change is based on Federal Reserve action
MUFG Bank, Ltd. (New York) announced that, effective October 30, 2025, the Prime Rate has decreased to 7.00% from 7.25%.
The rate is set by the banks based on various factors, including the bank's costs and desired return, general economic conditions, and other considerations.
Effective October 30, 2025, the Federal Reserve's target interest rate decreased by a quarter of a percentage point; the benchmark overnight interest rate is now between 3.75% and 4.00%.
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