{"id":33503,"date":"2023-11-23T16:20:59","date_gmt":"2023-11-23T14:20:59","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=33503"},"modified":"2023-11-23T16:24:28","modified_gmt":"2023-11-23T14:24:28","slug":"newsflash-interest-rate-is-unchanged","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/newsflash-interest-rate-is-unchanged\/","title":{"rendered":"Newsflash | Interest rate is unchanged"},"content":{"rendered":"

The South African Reserve Bank met earlier this afternoon and we are pleased to advise that the repo rate was left unchanged at 8.25%, meaning that the current prime lending rate remains at 11.75%.<\/p>\n

Since the interest rate hiking cycle started in November 2021, the Monetary Policy Committee has hiked the repo rate ten times by a cumulative 425 basis points and reached a 14-year-high at 8.25% earlier this year. The announcement this afternoon is a relief and a welcome boost for indebted South Africans.<\/p>\n

Contact us at info@stbb.co.za\/dev2<\/a> should you have any questions or require assistance.<\/p>\n","protected":false},"excerpt":{"rendered":"

The South African Reserve Bank met earlier this afternoon and we are pleased to advise that the repo rate was left unchanged at 8.25%, meaning that the current prime lending rate remains at 11.75%. Since the interest rate hiking cycle<\/p>\n","protected":false},"author":36,"featured_media":24457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[137,108],"tags":[],"class_list":["post-33503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-newsflash"],"acf":[],"yoast_head":"\nNewsflash | Interest rate is unchanged - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/newsflash-interest-rate-is-unchanged\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maryna Botha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-interest-rate-is-unchanged\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-interest-rate-is-unchanged\\\/\"},\"author\":{\"name\":\"Maryna Botha\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\"},\"headline\":\"Newsflash | Interest rate is unchanged\",\"datePublished\":\"2023-11-23T14:20:59+00:00\",\"dateModified\":\"2023-11-23T14:24:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-interest-rate-is-unchanged\\\/\"},\"wordCount\":101,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-interest-rate-is-unchanged\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/inaki-del-olmo-NIJuEQw0RKg-unsplash.jpg\",\"articleSection\":[\"Latest\",\"Newsflash\"],\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-interest-rate-is-unchanged\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-interest-rate-is-unchanged\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/newsflash-interest-rate-is-unchanged\\\/\",\"name\":\"Newsflash | Interest rate is unchanged - 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