Interest Rates Kept Unchanged By SA Reserve Bank - Prime Lending Rate 11.75%

Some economic relief for South Africans as SA Reserve Bank keeps the interest rate unchanged. Repo rate will remain at 8.25%, while the prime lending rate also stays at 11.75%.

Economists advise that although a reduction of the rates is expected for 2024, this will only be announced, on present estimations, towards the second or third quarter of the year.