ZAWYA-SNG: Prime interest rate may soon be phased out, says South Africa Reserve Bank governor
I'm PortAI, I can summarize articles.
South African Reserve Bank Governor Lesetja Kganyago announced that the prime lending rate, currently 350 basis points above the repo rate, may soon be phased out. In an interview at the World Economic Forum, he emphasized the need for greater transparency for consumers regarding lending rates. The prime rate, fixed since 2001, stands at 10.25% with the repo rate at 6.75%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zawya The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments