Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply ...

South African Reserve Bank Governor Lesetja Kganyago suggests phasing out the prime interest rate, maintaining that greater ...

SA is expected to experience further interest rate relief in 2026 as inflation continues to ease and economic growth remains ...

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 ...

A home loan EMI comprises of two parts – principal and interest. The principal amount of an EMI remains constant, but the interest is variable. Ever wonder why a change in the external benchmark say ...

Since February, 2025, the MPC has reduced the repo rate by 125 bps to aid growth, with a 25 bps cut each in February and ...

Data showed that foreign banks have transmitted 107 bps of rate cut on fresh deposit and 100 bps on outstanding deposit. On ...

Following the RBI's repo rate cut, eight major banks have reduced interest rates, but it's not guaranteed that every loan's EMI will decrease immediately. When you will get relief in your EMI depends ...

The Reserve Bank of India, in its first policy meeting after the US Federal Reserve cut rates, kept the repo rate unchanged at 6.5%. RBI Governor Shaktikanta Das announced the unchanged repo rates ...

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?