South Africa Interest Rate
Last Release
Jan 2020
Actual
6.25 %
Forecast
6 %
Previous
6.5 %
Frequency
Daily
Units In
%
Next Release
Mar 19, 2020
Time to Release
1 Months 19 Days 4 Hours
Highest | Lowest | Average | Date Range | Source |
23.99 % Jun 1998 | 5 % Oct 2013 | 12.42 % | 1998 - 2020 | 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 voted unanimously to trim its benchmark repo rate to 6.25 percent during its first policy meeting of 2020, while markets had expected it to be kept steady. It was the first rate cut since July, bringing borrowing costs to the lowest level since November 2015. The decision came amid lower inflation forecasts and the country's persistent economic vulnerability.
South Africa Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Jan 16, 2020 | 15:06 | South Africa Unexpectedly Cuts Repo Rate to 6.25% |
| Nov 21, 2019 | 14:30 | South Africa Leaves Interest Rate Unchanged at 6.5% |
| Sep 19, 2019 | 14:08 | South Africa Holds Key Interest Rate Steady at 6.5% |
| 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% |
A Look at the Markets
Educational Pieces on Marco Indicators
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South Africa money Indicators
All South Africa indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Banks Balance Sheet | 5,884,906 Nov 2019 | 5,924,124 Oct 2019 | 114,781 Mar 1987 | 5,924,124 Oct 2019 | ZAR Million | Monthly | 1986 - 2019 |
| Central Bank Balance Sheet | 855,671 Dec 2019 | 879,240 Nov 2019 | 543 Oct 1965 | 911,544 Sep 2019 | ZAR Million | Monthly | 1964 - 2019 |
| Deposit Interest Rate | 6.88 Nov 2019 | 6.76 Oct 2019 | 5.08 Feb 2013 | 21.6 Aug 1998 | % | Monthly | 1977 - 2019 |
| Foreign Exchange Reserves | 55,058 Dec 2019 | 54,893 Nov 2019 | 5,316 Sep 1998 | 55,058 Dec 2019 | USD Million | Monthly | 1998 - 2019 |
| Interbank Rate | 6.56 Jan 2020 | 6.56 Jan 2020 | 5.06 Sep 2012 | 16.96 Feb 1999 | % | Daily | 1999 - 2020 |
| Interest Rate | 6.25 Jan 2020 | 6.5 Dec 2019 | 5 Oct 2013 | 23.99 Jun 1998 | % | Daily | 1998 - 2020 |
Interest Rate across Africa
Interest Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Algeria | 3.75 Dec 2019 | 3.75 Nov 2019 | 2.75 Jun 1986 | 21 Dec 1994 | % | Daily | 1963 - 2019 |
| Benin | 4.5 Dec 2019 | 4.5 Nov 2019 | 3.5 Oct 2016 | 4.5 Nov 2018 | % | Daily | 2010 - 2019 |
| Burkina Faso | 4.5 Dec 2019 | 4.5 Nov 2019 | 3.5 Oct 2016 | 4.5 Dec 2018 | % | Daily | 2010 - 2019 |
| Burundi | 5.35 Aug 2019 | 5.45 Jul 2019 | 5.07 Jun 2018 | 16.24 Jul 2012 | % | Daily | 2007 - 2019 |
| Cameroon | 3.5 Dec 2019 | 3.5 Nov 2019 | 2.45 Oct 2016 | 4.25 Apr 2010 | % | Daily | 2009 - 2019 |
| Cape Verde | 5.5 Sep 2019 | 5.5 Aug 2019 | 5.5 Oct 2018 | 10.5 Apr 1999 | % | Daily | 1998 - 2019 |