The Reserve Bank lends money to banks at the ‘repo rate’, the banks add 3.5% to create the ‘prime rate’ – which we hear when ...
With RBI repo rate cuts pushing FD returns to multi-year lows, investors are re-evaluating where to park their money safely. Here’s a detailed comparison of 5-year fixed deposit interest rates offered ...
South African banking customers have been paying a prime rate of the repo rate plus 3.5% since 2001. Is it time for a change?
South Africa is reviewing the main reference rate commercial banks use to price trillions of rands of loans to clients.