KeyCorp and its banking affiliates announced a further reduction in their prime lending rate to 7.25 percent, down from 7.50 percent. This change is effective starting September 18, 2025.
This adjustment reflects ongoing market conditions and KeyCorp's strategy to maintain its competitive position in the lending market. The prime rate serves as a benchmark for various commercial and consumer loan products.
A lower prime rate can influence loan demand and net interest income, demonstrating KeyCorp's responsiveness to the economic environment. This move aims to support borrowers and potentially stimulate lending activity.
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