Major interest rates changes for SA - PWC
Loading player...
Professional services firm PwC says both businesses and individuals should carefully consider whether to fix their interest rates ahead of an expected round of hikes in the coming years.
South African Reserve Bank (SARB) governor Lesetja Kganyago announced on 27 January that the central bank’s Monetary Policy Committee (MPC) decided to lift the repo rate by 25 basis points to 4% (prime rate of 7.50%).
This was in line with what the majority of economists were expecting given the SARB’s clear guidance over the past 12 months that lending rates would trend notably higher in 2022.
South African Reserve Bank (SARB) governor Lesetja Kganyago announced on 27 January that the central bank’s Monetary Policy Committee (MPC) decided to lift the repo rate by 25 basis points to 4% (prime rate of 7.50%).
This was in line with what the majority of economists were expecting given the SARB’s clear guidance over the past 12 months that lending rates would trend notably higher in 2022.
