South African Reserve Bank Governor Lesetja Kganyago suggests phasing out the prime interest rate, maintaining that greater ...
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 ...
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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?
NEW YORK, Oct 15 (Reuters) - U.S. banks borrowed $6.5 billion from the Federal Reserve's Standing Repo Facility (SRF) on Wednesday, central bank data showed, and repurchase rates rose, suggesting ...
As the central bank considers changing the prime interest rate, the financial sector is struggling to explain the ...
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