South Africa Three Month Interbank Rate decreased to 7 percent on Monday July 15 from 7.01 percent in the previous trading day. Interbank Rate in South Africa averaged 8.22 percent from 1999 until 2019, reaching an all time high of 16.96 percent in February of 1999 and a record low of 5.06 percent in September of 2012.
Interbank Rate in South Africa is expected to be 7.02 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in South Africa to stand at 7.02 in 12 months time. In the long-term, the South Africa Three Month Interbank Rate is projected to trend around 7.27 percent in 2020, according to our econometric models.