PRIME RATES RAISED TO 17% FROM 16 %; Action Tied to Tight-Money Policy --Stock Market Off by 10.24 CREDIT MARKETS Prime Raised to 17% From 16 % Called 'Excessively High'
Most large banks raised their prime lending rates yesterday to 17 percent from 16 percent in a move to stay abreast of a Federal Reserve tight-money policy that has sharply increased interest rates.

