Prime Rate Today 2024 South Africa

Prime Rate Today 2024 South Africa. The benchmark interest rate in south africa was last recorded at 8.25 percent. The south african reserve bank's monetary policy committee (mpc) has decided to keep the repurchase rate unchanged at 8.25% (prime and base home loan.

Two years ago, central banks around the world were engaged in a battle against high inflation that resulted in an aggressive and. The prime rate in south africa is 350 basis points above the repo rate of the south african reserve bank (sarb).