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South Africa Interest Rate

Last Release
May 2020
Actual
3.75 %
Forecast
3.75 %
Previous
4.25 %
Frequency
Daily
Units In
%
Next Release
Jul 23, 2020
Time to Release
1 Months 18 Days 10 Hours
Highest
Lowest
Average
Date Range
Source
23.99 %
Jun 1998
3.75 %
May 2020
12.37 %1998 - 2020South 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

DATETIMETITLE
Jan 16, 202015:06South Africa Unexpectedly Cuts Repo Rate to 6.25%
Nov 21, 201914:30South Africa Leaves Interest Rate Unchanged at 6.5%
Sep 19, 201914:08South Africa Holds Key Interest Rate Steady at 6.5%
Jul 18, 201913:29South Africa Trims Repo Rate to 6.5%
May 23, 201914:38South Africa Holds Key Rate Steady at 6.75%
Mar 28, 201913:59South Africa Leaves Interest Rate Unchanged at 6.75%

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

South Africa money Indicators

All South Africa indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
6,619,177
Apr 2020
6,579,309
Mar 2020
114,781
Mar 1987
6,619,177
Apr 2020
ZAR MillionMonthly1986 - 2020
Central Bank Balance Sheet
1,066,023
Apr 2020
1,061,216
Mar 2020
543
Oct 1965
1,066,023
Apr 2020
ZAR MillionMonthly1964 - 2020
Deposit Interest Rate
6.14
Mar 2020
6.72
Feb 2020
5.08
Feb 2013
21.6
Aug 1998
%Monthly1977 - 2020
Foreign Exchange Reserves
53,003
Apr 2020
52,428
Mar 2020
5,316
Sep 1998
55,058
Dec 2019
USD MillionMonthly1998 - 2020
Interbank Rate
3.98
Jun 2020
3.98
Jun 2020
3.98
Jun 2020
16.96
Feb 1999
%Daily1999 - 2020
Interest Rate
3.75
May 2020
4.25
Apr 2020
3.75
May 2020
23.99
Jun 1998
%Daily1998 - 2020

Interest Rate across Africa

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Algeria
3
May 2020
3
Apr 2020
2.75
Jun 1986
21
Dec 1994
%Daily1963 - 2020
Benin
4.5
Apr 2020
4.5
Mar 2020
3.5
Oct 2016
4.5
Nov 2018
%Daily2010 - 2020
Burkina Faso
4.5
Apr 2020
4.5
Mar 2020
3.5
Oct 2016
4.5
Dec 2018
%Daily2010 - 2020
Burundi
5.22
Oct 2019
5.29
Sep 2019
5.07
Jun 2018
16.24
Jul 2012
%Daily2007 - 2019
Cameroon
3.25
Apr 2020
3.25
Mar 2020
2.45
Oct 2016
4.25
Apr 2010
%Daily2009 - 2020
Cape Verde
1
Apr 2020
1
Mar 2020
1
Mar 2020
10.5
Apr 1999
%Daily1998 - 2020

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