Interbank Rate in South Africa remained unchanged at 6.60 percent on Thursday January 29. Interbank Rate in South Africa averaged 6.15 percent from 2016 until 2026, reaching an all time high of 8.18 percent in November of 2023 and a record low of 3.30 percent in September of 2020. source: South African Reserve Bank

Interbank Rate in South Africa is expected to be 6.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Rand Overnight Index Average ZARONIA is projected to trend around 5.85 percent in 2027 and 5.35 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Banks Balance Sheet 8972364.00 8944186.00 ZAR Million Dec 2025
Central Bank Balance Sheet 1318176.00 1292080.00 ZAR Million Dec 2025
Foreign Exchange Reserves 75892.00 72068.00 USD Million Dec 2025
Interbank Rate 6.60 6.60 percent Jan 2026
Interest Rate 6.75 6.75 percent Jan 2026
Lending Rate 10.25 10.25 percent Dec 2025
Loans to Private Sector 5237674.00 5165677.00 ZAR Million Dec 2025
Money Supply M0 563633.00 517054.00 ZAR Million Dec 2025
Money Supply M1 2921787.00 3063617.00 ZAR Million Dec 2025
Money Supply M2 4835694.00 4799269.00 ZAR Million Dec 2025
M3 Money Supply YoY 5882466.00 5845479.00 ZAR Million Dec 2025


South Africa Rand Overnight Index Average ZARONIA
In South Africa, the interbank rate refers to the South African Rand Overnight Index Average (ZARONIA) and reflects the interest rate at which rand-denominated overnight wholesale funds are obtained by commercial banks. It is based on actual transactions and calculated as a trimmed, volume-weighted mean of interest rates paid on eligible unsecured overnight deposits.
Actual Previous Highest Lowest Dates Unit Frequency
6.60 6.60 8.18 3.30 2016 - 2026 percent Daily