JOHANNESBURG, Feb 17 (Reuters) - South Africa's central ⁠bank ⁠wants to scrap the ⁠country's prime lending rate as soon as ...

Understand the differences between the prime rate and discount rate, how each affects borrowing costs, consumer loans, and the role of the Federal Reserve.

South Africa’s central bank seeks to replace prime, the main reference commercial banks use to price trillions of rands of loans, with its benchmark interest rate.

Your loan won’t change overnight. But the Reserve Bank’s rethink of the prime rate could gradually reshape how South Africans experience the cost of debt.

South Africa is preparing for a major change in the way loans are priced. The South African Reserve Bank has released a ...

(RTTNews) - China maintained its benchmark loan prime rates for the 19th consecutive month, as widely expected, on Monday. The one-year loan prime rate was kept unchanged at 3.85 percent and the ...

Echoing the Federal Reserve’s move to cut interest rates by a half-percentage point — marking just the second rate reduction in more than four years — regional banks have lowered their prime lending ...

Credit card lenders add a margin to the prime rate to arrive at your card’s variable APR. The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on ...

China's central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of existing stimulus measures. The People's Bank of China said it would keep the 1-year ...

The SA Reserve Bank says it would prefer that banks set loan pricing at a premium above its main policy rate, commonly known as the repurchase or “repo” rate.