Prime Interest Rate South Africa January 2024. At the january 2024 mpc meeting, the sarb is expected to confirm its projections for easing inflation and its willingness to ease interest rates once inflation is close to the. Here's how much you're likely save on a r1 million bond.

The south african reserve bank slashed its key interest rate by 25 bps to 8% on september 19, 2024, as expected, following seven consecutive meetings at a 15. Sarb prime rate is the underlying rate for loans provided by commercial banks to their clients.