If the prime lending rate is phased out, what does it mean for consumers?

Speaking at Davos, South African Reserve Bank (SARB) Governor Lesetja Kganyago said the prime rate would potentially be ...

Mortgage Rates Today: January 28, 2026 – Rates Fall For 4th Straight Day

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.17%, according to the Mortgage Research Center. On a ...
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How does the prime interest rate affect you?

Credit card lenders add a margin to the prime rate to arrive at your card’s variable APR. The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on ...
The South African

SARB boss Lesetja Kganyago calls for END of prime rate in South Africa

South African Reserve Bank (SARB) Governor Lesetja Kganyago has indicated that he favours ending the use of the prime lending ...

Federal Reserve holds interest rates steady

Trump has urged the Fed to significantly lower interest rates.

Fed holds key interest rate steady as economic view improves

The Federal Reserve on Wednesday released its decision on interest rates.
The Citizen

What phasing out the prime lending rate would mean for consumers

Is it important to have a prime rate if banks can use their discretion about the risk you pose by offering a lending rate ...