World Central Bank Prime Rate

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georgios
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World Central Bank Prime Rate

Post by georgios »

In the default.wmdata file there is this row:

primerate,0.035,// World Central Bank Prime Rate

what means that? and what happens if this parametre changes?
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Ruges
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Re: World Central Bank Prime Rate

Post by Ruges »

Off the top of my head, and without having looked at it in ahile. I believe that number represents the prime interest rate when you take out a loan. Your acual rate is based upon your economy, but is based off that number.
georgios
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Re: World Central Bank Prime Rate

Post by georgios »

It seems you are true. It is the starting value of interest when you have excellent credit rating.
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