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Web9 de mar. de 2024 · How the prime rate is set. To start with, the prime rate is a target lending rate in Canada that is used by banks to set interest rates for variable loans, … WebVariable vs Fixed Interest Rate. Variable interests fluctuate due to market conditions and the underlying index. Fixed-rate interests Fixed-rate Interests A fixed interest rate is a constant rate of interest levied on debts like loans, mortgages, or bonds. read more remain constant for the whole term.; In a declining market, variable rates benefit … WebHá 12 horas · This followed hikes on new customer variable rates by Westpac earlier in the week, and comparable moves by NAB and ANZ last month. Canstar finance expert … johnny winter cause of death update