Bank Lending Rate in South Africa remained unchanged at 10 percent in October from 10 percent in September of 2018. Bank Lending Rate in South Africa averaged 12.29 percent from 1957 until 2018, 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.
Bank Lending Rate in South Africa is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in South Africa to stand at 9.83 in 12 months time. In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 8.50 percent in 2020, according to our econometric models.