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Reserve Bank to scrap prime rate, shift to repo as main lending benchmark

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Stephen Grootes speaks to Dr Roelof Botha, Economic Adviser at Optimum Investment Group, about the Reserve Bank’s plan to scrap the prime rate and rename the repo rate as the main lending benchmark. The move aims to modernise interest rate policy and improve transparency for loans. Analysts warn the transition could affect borrowers and banks, requiring careful management to avoid disruption.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.  
  
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