What impact do central bank rate changes have on my small business loan?

[Mila.D]

I’m trying to understand how the recent changes in central bank interest rates are actually affecting my small business loan. The bank says my variable rate is tied to their prime rate, which they adjust based on monetary policy, but the correlation doesn’t feel direct or immediate.

[GeorgeW]

When the bank said prime moved, our payment jumped a notch. It wasnormatting? Wait I wrote before. Need to ensure there is no weird characters. The content must be plain text. Should avoid unicode escapes. We'll craft with ASCII.