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South Africa  

South Africa INTEREST RATES

Interest rates go down in South Africa

South Africa has lowered its interest rates by 0.25 percentage points, from 6.75% to an annual rate of 6.5%.

The key rates a tool used by Central Banks to implement monetary policy.

A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.

This change is the first to have taken place since on July21th 2017, when the Central Bank lowered interest rates by 0.25 percentage points to 6.75%.

Here we show you the progression of interest rates in South Africa. You can see interest rates in other countries in interest rates and see all the economic information about South Africa in South Africa economy.

South Africa - Key rates
DateKey rates
03/29/20186.50%
07/21/20176.75%
03/18/20167.00%
01/29/20166.75%
11/20/20156.25%
07/24/20156.00%
07/18/20145.75%
04/23/20145.50%
04/22/20145.00%
01/30/20145.50%
04/16/20135.00%
07/20/20125.00%
11/19/20105.50%
09/10/20106.00%
03/26/20106.50%
08/14/20097.00%
05/29/20097.50%
05/04/20098.50%
03/25/20099.50%
02/06/200910.50%
12/12/200811.50%
06/13/200812.00%
04/11/200811.50%
12/07/200711.00%
10/12/200710.50%
08/17/200710.00%
06/08/20079.50%
12/08/20069.00%
10/13/20068.50%
08/03/20068.00%
06/08/20067.50%
04/15/20057.00%
08/13/20047.50%
12/12/20038.00%
10/17/20038.50%
09/11/200310.00%
08/15/200311.00%
06/13/200312.00%
09/13/200213.50%
06/14/200212.50%
03/15/200211.50%
01/16/200210.50%
12/31/20019.50%
South Africa - Key rates