Lending Rate in South Africa increased to 10.50 percent in November from 9.75 percent in October of 2022. source: South African Reserve Bank

Lending Rate in South Africa averaged 11.43 percent from 1950 until 2022, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5.00 percent in February of 1950. This page provides - South Africa Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Lending Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Lending Rate in South Africa is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Lending Rate is projected to trend around 11.00 percent in 2023 and 10.00 percent in 2024, according to our econometric models.

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South Africa Lending Rate

Calendar GMT Actual Previous Consensus TEForecast
2017-09-21 01:20 PM 10.25% 10.25% 10.0%
2017-11-23 01:20 PM 10.25% 10.25% 10.25%

Related Last Previous Unit Reference
Interest Rate 7.00 6.25 percent Nov 2022
Interbank Rate 6.72 6.72 percent Nov 2022
Money Supply M0 353228.00 353308.00 ZAR Million Oct 2022
Money Supply M1 2429923.00 2428128.00 ZAR Million Sep 2022
Money Supply M2 3828429.00 3789888.00 ZAR Million Sep 2022
Money Supply M3 4647000.00 4586933.00 ZAR Million Sep 2022
Foreign Exchange Reserves 58700.00 58891.00 USD Million Oct 2022
Banks Balance Sheet 7274868.00 7107726.00 ZAR Million Sep 2022
Loans to Private Sector 4411197.00 4360925.00 ZAR Million Sep 2022
Lending Rate 10.50 9.75 percent Nov 2022
Central Bank Balance Sheet 1143182.00 1120956.00 ZAR Million Oct 2022

South Africa Lending Rate
In South Africa, lending rate refers to commercial banks prime overdraft rate. It is a benchmark rate priced at 3.5 basis points above the repurchase rate and it is used by banks to price the lending rates offered to clients at either above or below the benchmark rate.
Actual Previous Highest Lowest Dates Unit Frequency
10.50 9.75 25.50 5.00 1950 - 2022 percent Monthly