Tag: Mamello Matikinca-Ngwenya
Interest rates stability provides consumers and SMEs a window of opportunity
The South African Reserve Bank has decided to keep interest rates unchanged. Interest rates stability coupled with a recovery in the economy during the second quarter provides consumers and SMEs a window of opportunity to review finances. More importantly, Moody’s wait-and-see approach with respect to our country’s rating is another incentive for South Africa to stimulate economic recovery.
Consumers to stretch their Rands as economy slows
The Reserve Bank’s decision to hold rates, even with the recent instability in stock and currency markets, will help consumers to plan ahead when managing their finances.
Interest rates on hold as SA awaits Moody’s rating assessment
Following the South African Reserve Bank’s decision earlier today to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10.25% and will review its position following the next SARB MPC meeting in May 2019.
