Reserve Bank Repo Rate as at 2/4/2012

Reserve Bank Repo Rate as at 2/4/2012

Tax

At a recent meeting of the Reserve Bank, it was confirmed that the current Repo Rate of 5.50% will remain as is. Therefore no change is required to the rate used to determine the fringe benefit value of low / interest free loans – i.e. the rate will still be 5.50 plus 1.00 being 6.50%.