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Interest Rates Kept Unchanged By SA Reserve Bank - Prime Lending Rate 11.75%

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Interest Rates Kept Unchanged By SA Reserve Bank - Prime Lending Rate 11.75%

Some economic relief for South Africans as SA Reserve Bank keeps the interest rate unchanged. Repo rate will remain at 8.25%, while the prime lending rate also stays at 11.75%.

Economists advise that although a reduction of the rates is expected for 2024, this will only be announced, on present estimations, towards the second or third quarter of the year.

Author STBB Attorneys
Published 25 Jan 2024 / Views -
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