Guiding consumers since 2009

Interest rate cut by half a percent

By Staff Writer

The Monetary Policy Committee has just released its new interest rate figures.

The new rate is 0.5% less or 50 basis points this brings prime down to 15% and the repo rate to 11.5%.

Your personal loan, home loan and credit card just cost less, but bear in mind that these changes will take time to reflect.

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