Discover how reference rates like the SOFR and prime rate serve as benchmarks for setting interest rates, and explore their impact on mortgages and financial contracts.

Benchmark rates have long been a cornerstone of traditional finance (TradFi), underpinning trillions in financial instruments. Benchmarks like LIBOR and SOFR play a crucial role in determining lending ...

Although the possibility remains that the Bank of Korea’s benchmark interest rate, which was frozen at the end of last month, may be cut, market and loan rates have already begun to rise. In ...

The Federal Reserve is widely expected to keep its benchmark short-term borrowing rate unchanged once again at its meeting this week. Many consumer borrowing rates are pegged to the Fed's benchmark, ...