	chase amp bank cuts australian prime to pct chase amp bank ltd said it will lower its prime lending rate to pct from effective tomorrow the bank is the first to lower its prime rate below the pct set by a few banks in the last few days in a continuation of a downward trend which began late last month other prime rates range from to pct with the majority on the bank said the reduction reflected the recent downturn in money market rates the improved economic outlook and adequate liquidity in the second quarter tax rundown period reuter 
