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.

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.

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 ...

Echoing the Federal Reserve’s move to cut interest rates by a half-percentage point — marking just the second rate reduction in more than four years — regional banks have lowered their prime lending ...

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

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 ...