South Africa Interest Rate
Last Release
Nov 2019
Actual
6.5 %
Forecast
6.5 %
Previous
6.5 %
Frequency
Daily
Units In
%
Next Release
Jan 16, 2020
Time to Release
1 Months 1 Days 23 Hours
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Highest | Lowest | Average | Date Range | Source |
23.99 % Jun 1998 | 5 % Oct 2013 | 12.44 % | 1998 - 2019 | South African Reserve Bank |
Latest Updates
The South African Reserve Bank held its benchmark repo rate unchanged at 6.50 percent during its November meeting, as widely expected. The decision was not unanimous. Policymakers noted that monthly inflation has been lower than the mid-point of the target range and that inflation expectations have continued to moderate gradually. Meantime, economic activity in Q3 is expected to be weak as suggested by mining and manufacturing short-term indicators. Looking ahead, the SARB disclosed that projections point to one repo cut of 25 basis points in Q3 2020, but this direction is dependent on new developments and changing data and risks.
South Africa Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| 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
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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 | 5,924,124 Oct 2019 | 5,897,585 Sep 2019 | 114,781 Mar 1987 | 5,924,124 Oct 2019 | ZAR Million | Monthly | 1986 - 2019 |
| Central Bank Balance Sheet | 879,240 Nov 2019 | 904,377 Oct 2019 | 543 Oct 1965 | 911,544 Sep 2019 | ZAR Million | Monthly | 1964 - 2019 |
| Deposit Interest Rate | 6.92 Sep 2019 | 6.98 Aug 2019 | 5.08 Feb 2013 | 21.6 Aug 1998 | % | Monthly | 1977 - 2019 |
| Foreign Exchange Reserves | 54,893 Nov 2019 | 54,529 Oct 2019 | 5,316 Sep 1998 | 54,893 Nov 2019 | USD Million | Monthly | 1998 - 2019 |
| Interbank Rate | 6.8 Dec 2019 | 6.8 Dec 2019 | 5.06 Sep 2012 | 16.96 Feb 1999 | % | Daily | 1999 - 2019 |
| Interest Rate | 6.5 Nov 2019 | 6.5 Oct 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 Oct 2019 | 3.75 Sep 2019 | 2.75 Jun 1986 | 21 Dec 1994 | % | Daily | 1963 - 2019 |
| Benin | 4.5 Nov 2019 | 4.5 Oct 2019 | 3.5 Oct 2016 | 4.5 Nov 2018 | % | Daily | 2010 - 2019 |
| Burkina Faso | 4.5 Nov 2019 | 4.5 Oct 2019 | 3.5 Oct 2016 | 4.5 Dec 2018 | % | Daily | 2010 - 2019 |
| Burundi | 5.5 Jun 2019 | 5.5 May 2019 | 5.07 Jun 2018 | 16.24 Jul 2012 | % | Daily | 2007 - 2019 |
| Cameroon | 3.5 Nov 2019 | 3.5 Oct 2019 | 2.45 Oct 2016 | 4.25 Apr 2010 | % | Daily | 2009 - 2019 |
| Cape Verde | 5.5 Sep 2019 | 5.5 Jul 2019 | 5.5 Oct 2018 | 10.5 Apr 1999 | % | Daily | 1998 - 2019 |