PNC Bank Raises Prime Lending Rate to 7.00%

PR Newswire··US·Read original
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Summary · why it matters

PNC Bank, N.A. announced an increase in its prime lending rate to 7.00%, effective tomorrow, Sept. 17, 2026. The Pittsburgh-based bank is a member of The PNC Financial Services Group, Inc., which trades on the New York Stock Exchange under the ticker PNC. PNC is one of the largest diversified financial services institutions in the United States, offering retail and business banking, corporate banking, real estate finance, asset-based lending, wealth management and asset management. The rate change was announced on Sept. 16, 2026.

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％Canada Prime Rate
CAPRIMERATE
▲ PositiveMonetaryrelevance

PNC's prime rate hike signals a higher policy-rate environment, pushing the Canada prime rate benchmark up.

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