FirstCaribbean will adjust its KYD and USD Prime Rates from 3.50% to 4.00%

Effective 6 May, 2022, CIBC FirstCaribbean will adjust its KYD  and USD Prime Rates from 3.50% to 4.00%.

This adjustment is in response to the change in the US Federal Funds rate announced by the Federal Reserve Open Market Committee in the United States on 4 May, 2022.

CIBC FirstCaribbean is seeking your assistance with placing the attached notice in the local media as soon as possible please. The rate is effective Friday, May 6, 2022.