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Todayâs Prime Rate. The prime rate today is 3.25%. This prime rate has been in effect since the Fed Funds rate was lowered to 0%-0.25% back in December of 2008. So, 0.25% + 3% = 3.25% (todayâs prime rate). This is the longest period of prime rate stability in history.
It is the fifth month in a row the RBA has left the cash rate on hold. In a widely expected decision, the Reserve Bank has kept the official interest rate on hold at the record low level of 2 per cent, but the accompanying statement shed very little light on the Bank's future intentions.t's currently trading at 71.15 US cents. It is the sixth month in a row the Reserve Bank has had the cash rate at 2 per cent, with most economists expecting no change until the first half of next year at the earliest.