When the repo rate rises, loans for cars, houses, education, personal or business loans, credit cards, and mortgages are affected. So, what exactly is a repo rate? What impact does it have on us?
In this video, I discuss the role of the South African Reserve Bank's, also define the repo rate and the prime lending rate.
Watch this video to learn why the South African Reserve Bank periodically hike or cut the repo rate and how this affects your loans.
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