Hi Francois What are your interest rate expectations for the next few years? I’m especially interested in rate estimates till September 2011. Regards, Zafreen Hi Zafreen I wish I could say with certainty what will happen with the economy, inflation and interest rates over the next two years, but unfortunately the best I can do [...]
The latest interest rate cut by the SARB brings interest rates down to the lowest level they’ve been in 28 years. The prime interest rate is currently touching a 28-year low, which was equaled briefly in April 2005. Before that the last time South Africa had interest rates lower than what we have now was [...]
The SARB‘s monetary policy committee (MPC) announced today that they’ve decided to lower the repo rate by another 50 basis points. The latest rate cut brings the repo rate down to to 7.0% and the prime interest rate down to 10.5%. The move comes as a surprise to many economists who believed that no further [...]
The SARB‘s monetary policy committee (MPC) announced today that they’ve decided to leave the repo rate unchanged at 7.5%. Their decision means that the prime interest rate will remain at 11%. Most people (including myself) expected a 50 basis point cut. The SARB‘s decision is unexpected, but can be justified. Even though the latest PPI [...]
This page shows the current prime interest rate, as well as a graph and table of the prime interest rates in South Africa, since 1948. swfobject.embedSWF(“/common/open-flash-chart/open-flash-chart.swf”, “chart_prime_rate”, “560″, “200″, “9.0.0″, “expressInstall.swf”, {“data-file”:”%2Fcommon%2Fcharts%2Frate_chart.php%3Fchart%3Dprime_rate_chart.php”} ); The prime interest rate was last updated on document.write(latest_prime_rate_date);. The current prime interest rate is document.write(latest_prime_rate);%. Prime Interest Rate Graph This is [...]
The prime interest rate, prime lending rate, or prime overdraft rate, is a reference interest rate commercial banks use when issuing variable interest rate loans to their customers. Prime interest rate When you borrow money from a bank, the interest rate that you will be charged by the bank, is usually specified in terms of [...]
