Prime lending rate south africa 2020
This takes the repo rate to 5.25% which will take effect from 20 March 2020, and the prime lending rate will now drop to 8.75%. Kganyago said, "The implied path of policy rates over the forecast Following the South African Reserve Bank’s (SARB) decision earlier today to cut its lending rate by 0.25%, FNB confirms that it will reduce its prime lending rate to 9.75% from 10% with effect from Friday 17 January.