The benchmark interest rate in South Africa was last recorded at 7.75 percent. This page provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The central bank unexpectedly slashed rates by a half-point to 6.5%, a 30-year low, to buoy the economic recovery. "Despite clear signs that the economy has emerged from the recession, the pace of recovery is expected to remain slow," Reserve Bank Gov. Gill Marcus said. The central ...
Against most expert’s predictions, the MPC decided to raise interest rates by 50 basis points at their last meeting. To the dismay of manySouth Africans, the MPC might be poised to deliver yet another interest rate hike at the upcoming meeting in May. READ:3 ways to navigate interest rate...
Current and historical interest rates of the major central banks worldwide On this page you will find an overview of the current interest rates of a large number of central banks. You find the latest rates for each central bank and the most recent interest rate change. Clicking on the ...
"Between the weaker rand, rising international interest rates and massive fuel price hikes on the horizon – which will likely push inflation over the SARB’s 6% upper limit – there was little else the MPC could reasonably do," says Clarke. ...
Conversely, if economic growth slows down, the Fed may reduce interest rates to stimulate borrowing. The aim of raising of the Fed's rates is to adjust the inflation level to a target value. Interest rate hike may have a positive effect on dollar quotes, while lowering can be seen as ...
Currently, interest rates have been capped at 4 percent above the central bank benchmark rate, which stands at 9.5 percent.This means citizens are paying a fixed rate of 13.5 percent on their loans, which is a huge relief that was brought by the law that capped interest rates. ...
The article discusses the announcement of increasing interest rates by South Africa (SA) Reserve Bank Governor Tito Mboweni. The said increase has overdraft the country's prime rate to 17% which shocked the market, however, the markets now are pricing in a 100 basis points hike in the repo ...
Interest rate hike: Homeowners, here's how you can stay ahead of repayments : The steep rise in interest rates will have impacted many households’ budgets. For some, this might simply require some readjusting of certain behaviours to rectify their fina
Bank of England raises interest rates by 0.25 percentage points to 4.5% The Bank of England has raised interest rates by a quarter of a percentage point to 4.5 per cent as the central bank forecast inflation staying higher for longer over the next three years. ...