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Prime Lending Rate

  • Why you should use this interest rate pause to boost your financial situation
  • Since the South African reserve bank decided not to increase interest rates again, you have a brief moment of relief to make sure that you get your financial house in order before the next rate hike. Now is the time to be more frugal with your money. It's not the time to make more debt or increase your spending. The challenges for consumers in 2016 are far from over. No one know if the reserve... ››› more
  • [20 May 2016]
  • The good and the bad of Thursday's expected interest rate hike
  • The South Africa Reserve Bank will announce its first interest rate decision for the year on Thursday. In the build up to the announcement, many economists were expecting the Reserve Bank to leave interest rates unchanged. In November last year the decision by the Reserve Bank brought the repo rate (the rate banks lend to one another) to 6.25% and the prime lending rate to 9.75%. So what ... ››› more
  • [26 January 2016]
  • The Reserve Bank hikes interest rates 0.25%
  • Earlier today, the Reserve Bank's monetary policy committee revealed that it was hiking interest rates. This comes as the majority of economists seemed to believe that the bank would hold off hiking rates for the moment. Let's take a closer look at the Reserve Bank's decision…   An interest rate hike takes prime to 9.75%   This afternoon, the governor of the Reserve Bank, ... ››› more
  • [19 November 2015]
  • The Reserve Bank hikes interest rates 0.25% to contend with rising inflation
  • After much speculation as to whether the monetary policy committee (MPC) would hike interest rates or keep them unchanged, the Reserve Bank announced that rates are rising. The central bank's decision take the repo rate to 6%. Let's take a closer look at the Reserve Bank's decision… The hike to interest rates brings the repo rate to 6% This afternoon, Reserve Bank governor, Lesetj... ››› more
  • [23 July 2015]
  • The Reserve Bank opts for a moderate interest rate hike
  • Earlier today, the South African Reserve Bank revealed the outcome of its three-day monetary policy committee (MPC) meeting. In the run-up to the announcement, economists were unsure what the bank was going to do. Would rates remain unchanged or would they raise them? Let's take a closer look at what the Reserve Bank said… Interest rates rise 0.25% The Reserve Bank hiked interest rates... ››› more
  • [17 July 2014]
  • The Reserve Banks keeps interest rates unchanged… for now
  • This afternoon, governor of the South African Reserve Bank, Gill Marcus, announced that interest rates would remain unchanged. This follows the bank's monetary policy committee's three day meeting. Let's take a closer look at the central bank's decision… The repo rate remains at 5.5% The Reserve Bank will keep “its key lending rate on hold at 5.5%,” reports Fin24. The decision to keep i... ››› more
  • [27 March 2014]
  • The Reserve Bank surprises by hiking interest rates 0.5%
  • This afternoon, the South African Reserve Bank announced the outcome of its monetary policy committee meeting. The central bank's governor, Gill Marcus, revealed that interest rates were to increase by 50 basis points as of tomorrow. Let's take a closer look at the decision… At a press conference following the conclusion of the first monetary policy committee meeting of the year, Gill Marcus a... ››› more
  • [29 January 2014]
  • The Reserve Bank keeps interest rates unchanged
  • Following the South African Reserve Bank's three day monetary policy committee (MPC) meeting, earlier today the bank revealed it's keeping interest rates unchanged. With inflation creeping higher and economic growth still a concern, let's take a closer look at what the Reserve Bank said today… The Reserve Bank has left interest rates unchanged in its latest MPC meeting, reports iAfrica. That k... ››› more
  • [19 September 2013]
  • Homeowners beware: Don't fix your home loan's interest rate until you've read this!
  • “To fix or not to fix; that is the question”. With interest rates at their lowest in 30 years and fears growing about future increases this year, you may be asking yourself whether now is the right time to fix the interest rate on your home loan? Here's what you need to know before you do… Predicting what interest rates are going to do is a popular sport. A quick dig around turns up a wid... ››› more
  • [14 March 2013]

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