South Africa’s prime lending rate is currently at 7%, the lowest it has been in five decades. As the Monetary Council of theSouth AfricanReserve Bank (SARB) is set to meet at the end of March, a unanimous vote by 25 economists onFinder’s repo rate forecast reportthinks the bank wil...
SARB interest rates continue to climb following the latest announcement by the Monetary Policy Committee (MPC). The repo rate jumps by 25 basis points to 4.25%, leaving the prime lending rate at 7.75%. In his statement, SARB Governor Lesetja Kganyago noted that inflation prices pose upside ris...
SARB cuts again.Reports on the decision of South African Reserve Bank's (SARB) monetary policy committee to reduce its interest rates. Percent reduction in repossession and prime lending rates; South African currency performance against the dollar; Central bank's target lending rate....