RATE CUT TO LIFT GROWTH AND SOFTEN TARIFF IMPACT, SAYS FNB
First National Bank (FNB) will reduce its prime lending rate by 0.25% following the decision taken earlier today by the South African Reserve Bank Monetary Policy Committee to lower its benchmark repo rate by 0.25%. FNB will adjust its rates on prime-linked accounts with effect from Friday 1 August 2025. “The Reserve Bank’s decision to…

