Local mortgage and loan rates fall following US Fed rate cut
The US Federal Reserve’s 17 Sept. decision to cut the prime interest rate by 0.25 percentage points to between 4% and 4.25% is already impacting borrowing rates in the Cayman Islands.
Butterfield was the first Caymanian bank to respond to the Fed’s decision. The bank announced that interest on variable mortgage, personal and corporate loans would drop by 0.25% to 7.25%. For a more complete summary of the story, please see the below link:
Published on: Sep 20, 2025 06:46 PM