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

The SARB's plan to eliminate the prime interest rate in South Africa could have the opposite effect of what it intends.

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 ...

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.

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

The SA Reserve Bank says it would prefer that banks set loan pricing at a premium above its main policy rate, commonly known ...

The Federal Reserve is expected to lower interest rates at the end of its two-day meeting on Wednesday. Many types of consumer loans are impacted when the Fed trims its benchmark. Here’s how a rate ...

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

Historically, the prime lending rate has been set at 350 basis points above the repo rate. Under the current model, when a bank quotes a bond applicant “prime minus 1%”, the borrower is effectively ...