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Market Impact: 0.2
BMO Increases US$ Prime Lending Rate to 7.00 Percent
Source: PR Newswire
Interest Rates & YieldsBanking & Liquidity
BMO will raise its U.S. dollar prime lending rate by 25bps to 7.00%, effective September 17, 2026. The increase raises borrowing costs for customers with loans priced off BMO's prime rate, but is a routine bank rate adjustment with limited broader market impact.
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