From mortgage rates to auto loans and credit cards, here’s a look at how the upcoming January Fed decision may affect your finances.

Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply and short-term lending among banks.

South African Reserve Bank Governor Lesetja Kganyago suggests phasing out the prime interest rate, maintaining that greater ...

Lenders typically price loans using the prime rate as a reference, with premiums or discounts to the measure depending on the cost of funding, risk appetite and the creditworthiness of clients. Gross ...

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 ...

South African Reserve Bank Governor Lesetja Kganyago says he favours ending the use of the prime interest rate in the country.

On the Johannesburg Stock Exchange, the Top-40 index was up 0.4% in early trading. On Thursday, 15 January, the rand is ...

Americans collectively owe $1.233 trillion in credit card debt, with nearly half of all cardholders carrying balances month ...

South Africa is reviewing the main reference rate commercial banks use to price trillions of rands of loans to clients.

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?