Understand the differences between the prime rate and discount rate, how each affects borrowing costs, consumer loans, and the role of the Federal Reserve.

South Africa’s central bank seeks to replace prime, the main reference commercial banks use to price trillions of rands of loans, with its benchmark interest rate.

JOHANNESBURG, Feb 17 (Reuters) - South Africa's central ⁠bank ⁠wants to scrap the ⁠country's prime lending rate as soon as ...

For ‘greater transparency and clarity’: instead of the official repo rate and prime rate – and then the ‘prime-plus’ or ‘prime-minus’ rate quoted to a consumer – there will be a single Sarb policy ...

Your loan won’t change overnight. But the Reserve Bank’s rethink of the prime rate could gradually reshape how South Africans experience the cost of debt.

South Africa is preparing for a major change in the way loans are priced. The South African Reserve Bank has released a ...

The SA Reserve Bank says it would prefer that banks set loan pricing at a premium above its main policy rate, commonly known as the repurchase or “repo” rate.

Small business owners have faced significant uncertainty this year due to rising inflation and ongoing discussions about tariffs, which have affected their ability to buy and sell goods and services.

TORONTO, Oct. 29, 2025 /PRNewswire/ - Equitable Bank, Canada's Challenger Bank™, today announced it is reducing its prime lending rate by 25 basis points to 4.45% from 4.70%. Equitable Bank's wholly ...

Interest Rates Affect the Ability of Consumers and Businesses To Access Credit ...

The South African Reserve Bank wants to scrap the country’s prime lending rate as soon as next year to make its main monetary policy rate the reference point in financial contracts, a discussion paper ...