• Kaplan Blumberg

Reserve Bank cuts repo rate again

Updated: Jul 3, 2020

The Reserve Bank's Monetary Policy Committee announced just now that it has decided to cut the interest rate for the fourth time this year, from 4.25% to 3.75%. As a result of the cut, the prime lending rate will fall from 7.75% to 7.25%. This will in turn bring the bank interest rates down and provide some much needed relief for consumers.

For assistance, contact us on 041 363 6044 or email us at info@kaplans.co.za.

47 views0 comments