Prime Lending Rate
Debt to GDP
Prime Lending Rate:
The rate at which central bank's lend money to commercial banks. The rate is determined by the Monetary Policy Committee (MPC) at the MPC meeting which happens every 2 months
The base rate at which banks lend money to their customers. This increases or decrease when the Repo Rate changes. It is determined at Repo + 3.5%.
Consumer Price Index (CPI), also known as inflation, measures the average change in prices for a basket of goods and services. StatsSA releases CPI figures monthly. The SARB targets inflation between 3%-6%.
Gross Domestic Product (GDP) measures the total market value of goods and services produced domestically in a given year. GDP is widely used to measure growth or how well an economy is doing. Figures are release quarterly.
The unemployment rate measures the total number of unemployed individuals as a percentage of the total labour force. StatsSA reports on both narrow and expanded (including discouraged individuals) unemployment.
Basis points. A 100bps = 1%