The benchmark interest rate in South Africa was last recorded at 7.50 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Africa Policy Rate

• South Africa cash rate (Policy Rate: Month End: Repo Rate) was set at 7.50 % pa in Feb 2025, compared with 7.50 % pa in the previous Jan 2025.
• South Africa Policy Rate averaged 7.00 % pa and is updated monthly, available from Nov 1999 to Feb 2025.
• The data reached an all-time high of 13.50 % pa in May 2003 and a record low of 3.50 % pa in Oct 2021.

Related information about South Africa Policy Rate

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 7.41 % pa in Feb 2025.
• Its Long Term Interest Rate (Government Bond Yield: Month End: 10 Years and Over) was reported at 10.52 % pa in Feb 2025.
• South Africa Exchange Rate against USD averaged 18.74 (USD/ZAR) in Jun 2023.
• Its Real Effective Exchange Rate was 89.35 in Dec 2024.

Key information about South Africa Bank Lending Rate

• South Africa Bank Lending Rate was reported at 11.000 % pa in Mar 2025.
• This stayed constant from the previous number of 11.000 % pa for Mar 2025.
• South Africa Bank Lending Rate data is updated daily, averaging 10.250 % pa from Dec 1948 to 26 Mar 2025, with 27840 observations.
• The data reached an all-time high of 11.750 % pa in 19 Sep 2024 and a record low of 7.000 % pa in 18 Nov 2021.
• South Africa Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Daily.

South African Reserve Bank provides daily Bank Lending Rate.

Lending Rate in South Africa decreased to 11 percent in February from 11.25 percent in January of 2025. This dataset provides - South Africa Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for South Africa Interest Rate.

Key information about South Africa Real Effective Exchange Rate

• South Africa Real Effective Exchange Rate (REER: 2005=100: Month Avg: South Africa) was 89.3 in Dec 2024, compared with the number of 90.0 in the previous month.
• South Africa Real Effective Exchange Rate data is updated monthly and averaged 143.5 from Jan 1970 to Dec 2024.
• The data reached an all-time high of 143.5 in Aug 1983 and a record low of 63.9 in Dec 2001.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. South African Reserve Bank provides Real Effective Exchange Rate Index with base 2015=100. Producer Price Index for manufactured goods is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.


Related information about South Africa Real Effective Exchange Rate

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 7.4 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 7.5 % pa in Feb 2025.
• South Africa Exchange Rate against USD averaged 18.7 (USD/ZAR) in Jun 2023.

South Africa Prime Lending Rate data was reported at 11.000 % pa in Feb 2025. This stayed constant from the previous number of 11.000 % pa for Jan 2025. South Africa Prime Lending Rate data is updated monthly, averaging 10.500 % pa from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 17.000 % pa in May 2003 and a record low of 7.000 % pa in Oct 2021. South Africa Prime Lending Rate data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.M005: Prime Lending Rate.

Key information about South Africa Short Term Interest Rate

• South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 7.41 % pa in Feb 2025, compared with 7.70 % pa in the previous month.
• South Africa Short Term Interest Rate data is updated monthly, available from Dec 1980 to Feb 2025.
• The data reached an all-time high of 22.15 % pa in Feb 1985 and a record low of 3.45 % pa in Aug 2020.
• Short Term Interest Rate is reported by reported by South African Reserve Bank.

Related information about South Africa Short Term Interest Rate

• In the latest reports, South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 10.52 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 7.50 % pa in Feb 2025.
• South Africa Exchange Rate against USD averaged 18.74 (USD/ZAR) in Jun 2023.

Inflation Rate in South Africa remained unchanged at 3.20 percent in February. This dataset provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Real interest rate (%) in South Africa was reported at 6.3888 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

South Africa’s inflation has been quite stable for the past years, levelling off between 3.2 and 6.9 percent, and is in fact expected to stabilize at around 4.5 percent in the future. South Africa is a mixed economy, generating most of its GDP through the services sector, especially tourism. However, the country struggles with unemployment and poverty.

Inflation who?

The inflation rate of a country is an important key factor to determine the country’s economic strength. It is calculated using the price increase of a defined product basket, containing goods and services on which the average consumer spends money throughout the year. They include, for example, expenses for groceries, clothes, rent, utilities, but also recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. Some of these goods are more volatile than others – food prices, for example, are considered less reliable. The European Central Bank aims to keep inflation at around two percent in the long run.

What happened in 2016?

In 2016, South Africa’s inflation rate peaked at over 6.3 percent, and gross domestic product, and thus economic growth , took a hit, a sure indicator that something was affecting the country’s economic scaffolding: Low growth due to weak demand and an uncertain political future caused a crisis; then-President Jacob Zuma’s alleged mismanagement and unstable reign steeped in controversy and criminal charges even caused the economy’s outlook to be downgraded by ratings agencies. Zuma was relieved of his office in 2018 – ever since, inflation, GDP, and economic growth seem to have stabilized.

Bank Lending Rate in South Africa remained unchanged at 11 percent in March. This dataset provides - South Africa Prime Overdraft Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Südafrikas Leitzins belief sich im 2025-02 auf 7.50 % pa. Dies stellt keine Veränderung im Vergleich zu den vorherigen Zahlen von 7.50 % pa für 2025-01 dar. Südafrikas Leitzins werden monatlich aktualisiert, mit einem Durchschnitt von 7.00 % pa von 1999-11 bis 2025-02, mit 304 Beobachtungen. Die Daten erreichten ein Allzeithoch in Höhe von 13.50 % pa im 2003-05 und ein Rekordtief in Höhe von 3.50 % pa im 2021-10. Südafrikas Leitzins Daten behalten den Aktiv-Status in CEIC und werden von South African Reserve Bank gemeldet. Die Daten werden unter Global Databases Südafrika – Table ZA.M001: Repo Rate kategorisiert.

南アフリカの政策金利は、2025-02に7.50 % paを記録しました。前期2025-01の 7.50 % paと比べると横這いの結果となりました。南アフリカの政策金利は月次で更新され、1999-11から2025-02の304つの値で平均は 7.00 % pa。最高値は2003-05の13.50 % pa、最低値は2021-10の3.50 % pa。政策金利はActiveステータスデータであり、South African Reserve Bankが発表元です。当データは、Global Databaseの南アフリカ – Table ZA.M001: Repo Rateに格納されています。