South Africa Interest Rate - Forecast

Interest Rate in South Africa is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in South Africa to stand at 6.75 in 12 months time. In the long-term, the South Africa Interest Rate is projected to trend around 7.75 percent in 2020, according to our econometric models.


Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


South Africa Money Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 6.5 6.75 6.75 6.75 7 7.75
Interbank Rate 7.03 7.02 7.02 7.02 7.27 8.02
Money Supply M0 252611 254859 258187 261642 265003 294777
Money Supply M1 1719556 1740010 1746576 1749336 1751972 1753881
Money Supply M2 2834147 2889160 2912598 2927151 2937626 2950471
Money Supply M3 3509193 3580324 3636355 3691785 3746612 4214026
Banks Balance Sheet 5415790 5505427 5576995 5648201 5719009 6338814
Foreign Exchange Reserves 50394 49544 50495 50497 50497 50645
Loans to Private Sector 3607700 3682016 3739581 3795350 3849895 4296805
Deposit Interest Rate 7.25 7.5 6.4 7.5 7.75 5.4
Lending Rate 10 10.25 10 10.25 10.5 9.5
Central Bank Balance Sheet 789151 813000 790452 790455 790455 977000