South Africa Interest Rate
Last Release
Aug 2019
Actual
6.5 %
Forecast
6.5 %
Previous
6.5 %
Frequency
Daily
Units In
%
Next Release
Sep 19, 2019
Time to Release
27 Days 23 Hours
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Highest | Lowest | Average | Date Range | Source |
23.99 % Jun 1998 | 5 % Oct 2013 | 12.47 % | 1998 - 2019 | South African Reserve Bank |
In South Africa, the interest rates decisions are taken by the South African Reserve Bank’s Monetary Policy Committee (MPC). The official interest rate is the repo rate. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an end-of-period basis.
Latest Updates
The South African Reserve Bank cut its benchmark repo rate by 25 bps to 6.5 percent on July 18th 2019, as widely expected. It was the first rate cut since March last year. Policymakers noted that inflation expectations continued to moderate and said that they will continue to focus on anchoring it near the mid-point of the inflation target range. The Committee added that future policy decisions are highly data dependent, sensitive to the assessment of the balance of risks to the outlook.
South Africa Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Jul 18, 2019 | 13:29 | South Africa Trims Repo Rate to 6.5% |
| May 23, 2019 | 14:38 | South Africa Holds Key Rate Steady at 6.75% |
| Mar 28, 2019 | 13:59 | South Africa Leaves Interest Rate Unchanged at 6.75% |
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South Africa money Indicators
All South Africa indicatorsScroll for more details
Indicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Banks Balance Sheet | 5,795,430 Jun 2019 | 5,734,169 May 2019 | 114,781 Mar 1987 | 5,795,430 Jun 2019 | ZAR Million | Monthly | 1986 - 2019 |
| Central Bank Balance Sheet | 778,639 Jul 2019 | 780,707 Jun 2019 | 543 Oct 1965 | 827,165 Dec 2018 | ZAR Million | Monthly | 1964 - 2019 |
| Deposit Interest Rate | 7.03 May 2019 | 7.17 Apr 2019 | 5.08 Feb 2013 | 21.6 Aug 1998 | % | Monthly | 1977 - 2019 |
| Foreign Exchange Reserves | 49,360 Jul 2019 | 49,804 Jun 2019 | 5,316 Sep 1998 | 51,889 Feb 2012 | USD Million | Monthly | 1998 - 2019 |
| Interbank Rate | 6.83 Aug 2019 | 6.83 Aug 2019 | 5.06 Sep 2012 | 16.96 Feb 1999 | % | Daily | 1999 - 2019 |
| Interest Rate | 6.5 Aug 2019 | 6.5 Jul 2019 | 5 Oct 2013 | 23.99 Jun 1998 | % | Daily | 1998 - 2019 |
Interest Rate across Africa
Interest Rate global viewScroll for more details
Country | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Algeria | 3.75 Jun 2019 | 3.75 May 2019 | 2.75 Jun 1986 | 21 Dec 1994 | % | Daily | 1963 - 2019 |
| Benin | 4.5 Aug 2019 | 4.5 Jul 2019 | 3.5 Oct 2016 | 4.5 Nov 2018 | % | Daily | 2010 - 2019 |
| Burkina Faso | 4.5 Aug 2019 | 4.5 Jul 2019 | 3.5 Oct 2016 | 4.5 Dec 2018 | % | Daily | 2010 - 2019 |
| Burundi | 5.5 Mar 2019 | 5.5 Feb 2019 | 5.07 Jun 2018 | 16.24 Jul 2012 | % | Daily | 2007 - 2019 |
| Cameroon | 3.5 Aug 2019 | 3.5 Jul 2019 | 2.45 Oct 2016 | 4.25 Apr 2010 | % | Daily | 2009 - 2019 |
| Cape Verde | 5.5 Jun 2019 | 5.5 May 2019 | 5.5 Oct 2018 | 10.5 Apr 1999 | % | Daily | 1998 - 2019 |