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Making sense of interest rates

by | Feb 1, 2015

Last week, consumers received good news from the South African Reserve Bank (SARB) that the repo interest rate would be kept at 5.75%, which means that the retail rate at which consumers are offered credit, would stay at 9.25%. Absa provided this useful infographic

Click on the infographic below for the full-size graphic.

Monetary Policy infographic

Click to enlarge

 

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