LATEST ON THE INTEREST RATE
The SARB's Monetary Policy Committee met this afternoon and, as was widely expected, left the repo rate unchanged at 8.25% and the prime lending rate 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.
26 Jan 2024
Author STBB
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