Search Icon
FXEMPIRE
icon
Advertisement
Advertisement

Search Indicator:

Choose Country
icon
Choose Indicator
icon

South Africa Interest Rate

Last Release
May 29, 2025
Actual
7.25
Units In
%
Previous
7.5
Frequency
Daily
Next Release
Jul 31, 2025
Time to Release
2 Months 0 Days 12 Hours
Highest
Lowest
Average
Date Range
Source
23.99
Jun 1998
3.5
Jul 2020
11.79 %1998-2025South 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 cut its key interest rate by 25 bps to 7.25% on May 29, 2025, as widely anticipated, following a pause in March, to support a faltering economy and in response to a more favorable inflation outlook. Policymakers revised inflation forecasts downward, now expecting it to average 3.2% in 2025 (vs. 3.6% in March) and 4.2% in 2026 (down from 4.5%), citing a lower starting point, more favorable oil prices and exchange rates, and the scrapping of planned VAT hikes. Growth projections were also lowered from 1.7% to 1.2%, reflecting increased downside risks. Despite some headwinds, the outlook for structural reforms remains broadly positive. The Committee indicated a preference for steering inflation toward 3%, aiming to anchor expectations near the lower end of the target range, and plans to explore a 3% objective in future meetings.

South Africa Interest Rate History

Last 12 readings

Trade With A Regulated Broker