Prime Rate Today 2024 South African Government

Prime Rate Today 2024 South African Government. Repo rate) was set at 8.25 % pa in aug 2024, compared with 8.25 % pa in the. Government welcomes the decision by the monetary policy committee (mpc) of the south african reserve bank (sarb) to lower the repo rate by 25 basis points, thus shifting the prime lending rate to 11.5%.

Bank lending rate in south africa decreased to 11.50 percent in september from 11.75 percent in july of 2024. Get the prime rate results in real time as they’re announced and see the immediate global market impact.