Prime Lending Rate South Africa 2024 India. Graph and download economic data for interest rates: The mpc had hiked interest rates by 475 basis points since 2021, despite keeping the rate.
It is a benchmark rate priced at 3.5 basis points above the repurchase rate and it is used by banks to price the lending rates offered to clients. The repo rate now stands at 8% and the prime lending rate at 11.50%.