Prime Interest Rate South Africa 2024
Prime Interest Rate South Africa 2024. At the january 2024 mpc meeting, the sarb is expected to confirm its projections for easing inflation and its willingness to ease interest rates once inflation is close to the. As of february 2024, the prime rate is 7%.
Coupled with the lowest inflation over the past three years, 4,4%,. The current prime lending rate is 11.75%, based on a repo rate of 8.25% as determined by the south african reserve bank.