How changes in the interest rate affect your money | Citypress - News24

5/28/2022 12:00:00 AM2 years 11 months ago
by Maya Fisher-French
by Maya Fisher-French
Last week, the SA Reserve Bank increased interest rates by 50 basis points. This meant the repo rate increased from 4.25% to 4.75% and the prime lending rate increased from 7.75% to 8.25%.
PERSONAL FINANCE Last week, the SA Reserve Bank increased interest rates by 50 basis points. This meant the repo rate increased from 4.25% to 4.75% and the prime lending rate increased from 7.75% to… [+6 chars]
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