FINANCE: Prime interest rate may soon be phased out, says SA Reserve Bank governor

FINANCE: Prime interest rate may soon be phased out, says SA Reserve Bank governor

[Daily Maverick - Zambia] - 21/01/2026
The 350 basis point gap between the repo or monetary policy rate and the prime rate has been fixed since 2001. Lenders use it as a baseline depending on the risks and the credit record of borrowers.
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