FXEMPIRE
All

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 - 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
5,884,906
Nov 2019
5,924,124
Oct 2019
114,781
Mar 1987
5,924,124
Oct 2019
ZAR MillionMonthly1986 - 2019
Central Bank Balance Sheet
855,671
Dec 2019
879,240
Nov 2019
543
Oct 1965
911,544
Sep 2019
ZAR MillionMonthly1964 - 2019
Deposit Interest Rate
6.88
Nov 2019
6.76
Oct 2019
5.08
Feb 2013
21.6
Aug 1998
%Monthly1977 - 2019
Foreign Exchange Reserves
55,058
Dec 2019
54,893
Nov 2019
5,316
Sep 1998
55,058
Dec 2019
USD MillionMonthly1998 - 2019
Interbank Rate
6.56
Jan 2020
6.56
Jan 2020
5.06
Sep 2012
16.96
Feb 1999
%Daily1999 - 2020
Interest Rate
6.25
Jan 2020
6.5
Dec 2019
5
Oct 2013
23.99
Jun 1998
%Daily1998 - 2020

Interest Rate across Africa

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Algeria
3.75
Dec 2019
3.75
Nov 2019
2.75
Jun 1986
21
Dec 1994
%Daily1963 - 2019
Benin
4.5
Dec 2019
4.5
Nov 2019
3.5
Oct 2016
4.5
Nov 2018
%Daily2010 - 2019
Burkina Faso
4.5
Dec 2019
4.5
Nov 2019
3.5
Oct 2016
4.5
Dec 2018
%Daily2010 - 2019
Burundi
5.35
Aug 2019
5.45
Jul 2019
5.07
Jun 2018
16.24
Jul 2012
%Daily2007 - 2019
Cameroon
3.5
Dec 2019
3.5
Nov 2019
2.45
Oct 2016
4.25
Apr 2010
%Daily2009 - 2019
Cape Verde
5.5
Sep 2019
5.5
Aug 2019
5.5
Oct 2018
10.5
Apr 1999
%Daily1998 - 2019
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US