21 Nov 2024 The Monetary Policy Committee (MPC) lowered the interest rate by 25 basis points. The prime lending rate therefore changes to 11.25%, and the repo rate drops to 7.75%. Governor of the South African Reserve Bank, Lesetja Kganyago, said in his announcement...
05 Nov 2024 On 21 November 2024, the Monetary Policy Committee will deliver their decision regarding the interest rate. With South Africa’s inflation easing and global central banks cautiously beginning rate cuts, the overall sentiment is that there is likely to...
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