Prime Interest Rate Remains Unchanged At 10%

Interest Rates were kept unchanged yesterday (22 July 2010), leaving the prime interest rate at 10%. The South African Reserve Bank has put the breaks on rate cutting in recent months. The last interest rate cut took place in March this year. In total interest rates have been slashed by 5.5% since December 2008. But, another drop in rate has not been ruled out. Some economists are speculating that we may see a small drop in the prime lending rate …

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