South Africa Interest Rate
Last Release
Sep 2019
Actual
6.5 %
Forecast
6.5 %
Previous
6.5 %
Frequency
Daily
Units In
%
Next Release
Nov 21, 2019
Time to Release
1 Months 2 Days 5 Hours
Scroll for more details
Highest | Lowest | Average | Date Range | Source |
23.99 %} Jun 1998 | 5 % Oct 2013 | 12.46 % | 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 decided unanimously to leave its benchmark repo rate unchanged at 6.50 percent on September 19th 2019, as widely expected, after trimming it by 25 bps in the prior meeting, despite concerns about economic growth. Policymakers noted that inflation expectations continued to moderate and said that they will continue to focus on anchoring inflation expectations near the mid-point of the inflation target in the interest of balanced and sustainable growth. The bank added that future policy decisions will continue to be highly data-dependent, sensitive to the assessment of the balance of risks to the outlook, and will seek to look-through temporary price shocks.
South Africa Interest Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| 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% |
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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 | 5,895,367 Aug 2019 | 5,800,631 Jul 2019 | 114,781 Mar 1987 | 5,895,367 Aug 2019 | ZAR Million | Monthly | 1986 - 2019 |
| Central Bank Balance Sheet | 911,544 Sep 2019 | 839,535 Aug 2019 | 543 Oct 1965 | 911,544 Sep 2019 | ZAR Million | Monthly | 1964 - 2019 |
| Deposit Interest Rate | 7 Jul 2019 | 7.15 Jun 2019 | 5.08 Feb 2013 | 21.6 Aug 1998 | % | Monthly | 1977 - 2019 |
| Foreign Exchange Reserves | 54,860 Sep 2019 | 49,950 Aug 2019 | 5,316 Sep 1998 | 54,860 Sep 2019 | USD Million | Monthly | 1998 - 2019 |
| Interbank Rate | 6.78 Oct 2019 | 6.78 Oct 2019 | 5.06 Sep 2012 | 16.96 Feb 1999 | % | Daily | 1999 - 2019 |
| Interest Rate | 6.5 Sep 2019 | 6.5 Aug 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 Sep 2019 | 3.75 Aug 2019 | 2.75 Jun 1986 | 21 Dec 1994 | % | Daily | 1963 - 2019 |
| Benin | 4.5 Sep 2019 | 4.5 Aug 2019 | 3.5 Oct 2016 | 4.5 Nov 2018 | % | Daily | 2010 - 2019 |
| Burkina Faso | 4.5 Sep 2019 | 4.5 Aug 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 Sep 2019 | 3.5 Aug 2019 | 2.45 Oct 2016 | 4.25 Apr 2010 | % | Daily | 2009 - 2019 |
| Cape Verde | 5.5 Jul 2019 | 5.5 Jun 2019 | 5.5 Oct 2018 | 10.5 Apr 1999 | % | Daily | 1998 - 2019 |