Prime Rate In 2024. As of may 20, 2024, the current prime rate is 8.50%, according to the wall street journal’s money rates table. Government welcomes the decision by the monetary policy committee (mpc) of the south african reserve bank (sarb) to lower the repo rate by 25 basis points,.
Interest rates will be on september 18, 2024. The prime rate is the interest rate that banks and lenders use to determine the interest rates for many types of loans and lines of.