The benchmark interest rate in South Africa was last recorded at 7 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.

• 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.

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

• 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.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for South Africa (IRSTCB01ZAA156N) from 1960 to 2023 about South Africa, overnight, banks, depository institutions, interest rate, interest, and rate.

Real interest rate (%) in South Africa was reported at 7.4937 % in 2024, 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 September of 2025.

Key information about South Africa Long Term Interest Rate

• South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 10.52 % pa in Feb 2025, compared with 10.38 % pa in the previous month.
• South Africa Long Term Interest Rate data is updated monthly, available from Aug 2006 to Feb 2025.
• The data reached an all-time high of 12.43 % pa in Sep 2023 and a record low of 6.73 % pa in Apr 2013.
• Long Term Interest Rate is reported by reported by South African Reserve Bank.

• 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.
• 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.

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.

Policy rate, percent in South Africa, July, 2025 The most recent value is 7.25 percent as of July 2025, no change compared to the previous value of 7.25 percent. Historically, the average for South Africa from January 1999 to July 2025 is 7.79 percent. The minimum of 3.5 percent was recorded in July 2020, while the maximum of 18.83 percent was reached in January 1999. | TheGlobalEconomy.com

South Africa ZA: Interest Rate Spread data was reported at 3.130 % pa in 2017. This records a decrease from the previous number of 3.287 % pa for 2016. South Africa ZA: Interest Rate Spread data is updated yearly, averaging 3.319 % pa from Dec 2008 (Median) to 2017, with 10 observations. The data reached an all-time high of 3.513 % pa in 2008 and a record low of 3.130 % pa in 2017. South Africa ZA: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

South Africa ZA: Real Interest Rate data was reported at 4.584 % pa in 2017. This records an increase from the previous number of 3.451 % pa for 2016. South Africa ZA: Real Interest Rate data is updated yearly, averaging 3.728 % pa from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 13.012 % pa in 1998 and a record low of -12.315 % pa in 1980. South Africa ZA: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Bank deposit interest rate, percent in South Africa, March, 2025 The most recent value is 8.79 percent as of March 2025, a decline compared to the previous value of 8.82 percent. Historically, the average for South Africa from January 2001 to March 2025 is 7.94 percent. The minimum of 6.14 percent was recorded in June 2021, while the maximum of 11.7 percent was reached in July 2008. | TheGlobalEconomy.com

South Africa ZA: Money Market Rate data was reported at 6.870 % pa in 2017. This records an increase from the previous number of 6.857 % pa for 2016. South Africa ZA: Money Market Rate data is updated yearly, averaging 9.892 % pa from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 20.308 % pa in 1984 and a record low of 4.400 % pa in 1980. South Africa ZA: Money Market Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Africa – Table ZA.IMF.IFS: Money Market and Policy Rates: Annual.

Real interest rate of South Africa rocketed by 17.29% from 6.39 % in 2023 to 7.49 % in 2024. Since the 78.53% slump in 2021, real interest rate shot up by 1,487.29% in 2024. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: Combined Terms: Total for South Africa (IRLTCT01ZAQ156N) from Q1 1960 to Q4 2023 about 1 year +, South Africa, long-term, bonds, yield, government, interest rate, interest, and rate.

South Africa ZA: Lending Interest Rate data was reported at 10.375 % pa in 2017. This records a decrease from the previous number of 10.458 % pa for 2016. South Africa ZA: Lending Interest Rate data is updated yearly, averaging 11.750 % pa from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 22.333 % pa in 1984 and a record low of 5.500 % pa in 1963. South Africa ZA: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Key Interest Rate: Central Banks data was reported at 7.250 % in Dec 2026. This stayed constant from the previous number of 7.250 % for Sep 2026. Key Interest Rate: Central Banks data is updated quarterly, averaging 7.000 % from Mar 2000 (Median) to Dec 2026, with 108 observations. The data reached an all-time high of 13.500 % in Mar 2003 and a record low of 3.500 % in Sep 2021. Key Interest Rate: Central Banks data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Africa – Table ZA.OECD.EO: Interest Rate: Forecast: Non OECD Member: Quarterly.

South Africa ZA: Central Bank Policy Rate: End of Period data was reported at 6.750 % pa in 2017. This records a decrease from the previous number of 7.000 % pa for 2016. South Africa ZA: Central Bank Policy Rate: End of Period data is updated yearly, averaging 7.250 % pa from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 19.320 % pa in 1998 and a record low of 5.000 % pa in 2013. South Africa ZA: Central Bank Policy Rate: End of Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Africa – Table ZA.IMF.IFS: Money Market and Policy Rates: Annual.

View monthly updates and historical trends for South Africa Long-Term Interest Rates. Source: Organisation for Economic Co-operation and Development. Trac…

Interest rate spread (lending rate minus deposit rate, %) in South Africa was reported at 3.705 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.