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Reference Rate

Rate used to price certain loans changed due to Federal Reserve rate increase

MUFG Bank, Ltd. announced that effective March 23, 2023, the rate used to price certain loans will change to 8.00 percent from 7.75 percent. Called Prime Rate by MUFG Bank, Ltd., the rate is set by the banks based on various factors, including the bank's costs and desired return, general economic conditions, and other considerations.

Navigating the LIBOR Transition

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