From mortgage rates to auto loans and credit cards, here’s a look at how the upcoming January Fed decision may affect your finances.

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

The Reserve Bank lends money to banks at the ‘repo rate’, the banks add 3.5% to create the ‘prime rate’ – which we hear when ...

Lenders typically price loans using the prime rate as a reference, with premiums or discounts to the measure depending on the cost of funding, risk appetite and the creditworthiness of clients. Gross ...

Most new mortgages, many corporate loans are based on interbank rates, which will continue to fall, monetary authority's ...