South African Reserve Bank Governor Lesetja Kganyago suggests phasing out the prime interest rate, maintaining that greater ...

Lenders typically price loans using the prime rate as a reference, with premiums or discounts to the measure depending on the ...

Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply and short-term lending among banks.

Changing the prime interest benchmark may alter optics and signalling, but it will not reduce borrowing costs in any durable way, writes Stuart Theobald.