Interest Rates drop by 0.25%

16 Jan 2020
Interest Rate drops

In its first meeting in 2020, the Monetary Policy Committee of the South African Reserve Bank has unanimously decided to cut the Repo Rate by 0.25% from 6.50% down to 6.25%. This translates into the prime lending rate of South Africa finally dropping out of the two-digit realm and being now 9.75%

This is a welcome break for all home loan debtors in these challenging times.

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