Prime Interest Rate South Africa Today (2023)

1. Key Statistics - South African Reserve Bank

Historical dates of rates changes, i. Dates of change in the prime lending rate, 11.75, 2023-05-26. Dates of change in the repurchase rate, 8.25, 2023-05-26 ...
Key Statistics

What is the current prime lending rate? ... As of May 2023, the prime lending rate in South Africa is 11.75%. It was increased by 0.25% in November 2021, 0.25% in ...
The SARB has passed a succession of interest rate hikes in order to combat inflation. Find out what the latest increase means for you.

As of May 2023, the prime interest rate is 11.75%. This follows a succession of interest rate hikes by the South African Reserve Bank. Use our Bond ...
The prime interest rate is the minimum rate at which banks will lend. Here is the current prime interest rate and what it means for homebuyers.

Historical Prime Rates ; 10.25%, 2018-11-23 ; 10.00%, 2018-03-29 ; 10.25%, 2017-07-21 ; 10.50%, 2016-03-18.
Contact the Forex Advisory Team for your business's forex. View foreign exchange rates, lending rates, unit trusts as well as SA indicators. The FirstRand share Price, lending rates and historical rates.
See Also
Interest Rate Hike South Africa

In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 10.75 percent in 2024 and 10.25 percent in 2025, according to our ...
Bank Lending Rate in South Africa remained unchanged at 11.75 percent in July from 11.75 percent in July of 2023. Bank Lending Rate in South Africa averaged 12.03 percent from 1957 until 2023, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5.50 percent in December of 1962. This page provides - South Africa Prime Overdraft Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Africa Prime Lending Rate data is updated monthly, averaging 10.500 % pa from Jan 2000 to Aug 2023, with 284 observations. The data reached an all-time ...
South Africa Prime Lending Rate data was reported at 11.750 % pa in Aug 2023. This stayed constant from the previous number of 11.750 % pa for Jul 2023. South Africa Prime Lending Rate data is updated monthly, averaging 10.500 % pa from Jan 2000 to Aug 2023, with 284 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.

PRIME LENDING RATE HISTORY ; 8.75%, 2020-03-20 ; 9.75%, 2020-01-17 ; 10%, 2019-07-17 ; 10.25%, 2018-11-23.
View the Current Prime Rate, Prime Lending Rate Graph and Lending Rate Table with historical lending rate history.

South Africa's Prime Interest Rate over time ; 10.25%, 2018-11-23 ; 10%, 2018-03-29 ; 10.25%, 2017-07-21 ; 10.5%, 2016-03-18.
Find out about the basic interest rate banks charge when loaning you money to buy a home | BetterBond

South Africa Prime Rate ; Mar 30, 2023 (Mar), 11.25%, 10.75% ; Jan 26, 2023 (Jan), 10.75%, 10.50%.
Get the Prime Rate results in real time as they're announced and see the immediate global market impact.

In July 2022, the prime interest rate was raised to 9%, which is an increase of 0.75% from the previous 8.25%. The prime interest rate has slowly been ...
In July 2022, the prime interest rate was raised to 9%, which is an increase of 0.75% from the previous 8.25%. The prime interest rate has slowly been increas

What is the Prime Lending Rate? ... “The prime lending rate (currently 10.25%) is basically a marked-up version of the repo rate that banks use as a starting ...
If you don’t have a background in finance, concepts like the repo rate and prime lending rate might seem a little mysterious at first.

Jul 20, 2023 · This leaves the prime rate at 11.75%. Since ... Still, the Reserve Bank bumped its forecast for South Africa's GDP growth from 0.3% to 0.5%.
The SA Reserve Bank's monetary policy committee left interest rates unchanged on Thursday – after 10 hikes in 21 months aimed at cooling inflation.

Monthly. A, B. 1, Monthly Prime Interest Rates. 2, Since January 2000.
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May 25, 2023 · South African consumers can expect to feel more financial pain, as the Reserve Bank's monetary policy committee (MPC) increased the repo rate by ...
The Reserve Bank's monetary policy committee has unanimously decided to increase the repo rate by 50 basis points to 8.25%.