South Africa Prime Overdraft Rate - Forecast

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.


South Africa Prime Overdraft Rate
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South Africa Consumer Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 22 17 18 10 8 1.6
Retail Sales MoM 1.1 0.04 0.5 0.12 0.12 0.7
Retail Sales YoY 1.9 1.66 1.9 1.58 1.57 2.2
Consumer Spending 1936072 1924433 1961669 1967049 1915821 2034918
Disposable Personal Income 2868646 2965725 2800000 3035351 3075238 3140000
Personal Savings -0.2 0.03 -1.2 0 -0.02 0.2
Private Sector Credit 4.56 7.9 5.89 4.41 4.41 3.11
Bank Lending Rate 10 10 10 10 9.83 8.5
Gasoline Prices 1.15 1.09 1.03 0.97 0.92 0.51
Households Debt To Gdp 33.1 32.31 37 31.78 31.52 36
Households Debt To Income 71.9 71.14 78 70.84 70.59 77
Consumer Confidence Economic Expectations -22.2 -7.67 -6.67 -5.84 -5.12 -1.81
Consumer Confidence Financial Expectations 6.4 3.49 6.26 4.05 5.74 4.96
Consumer Confidence Major Purchases Expectations -11.8 -13.49 -14 -13.43 -13.98 -13.71