Lending Rate in South Africa remained unchanged at 10 percent in November from 10 percent in October of 2019. source: South African Reserve Bank

Lending Rate in South Africa averaged 11.59 percent from 1950 until 2019, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5 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 - values, historical data and charts - was last updated on December of 2021.

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. In the long-term, the South Africa Lending Rate is projected to trend around 11.00 percent in 2022 and 12.25 percent in 2023, according to our econometric models.

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South Africa Lending Rate

Related Last Previous Unit Reference
Interest Rate 3.75 3.50 percent Nov/21
Interbank Rate 3.87 3.87 percent Dec/21
Money Supply M0 294990.00 303745.00 ZAR Million Oct/21
Money Supply M1 2290660.00 2277854.00 ZAR Million Sep/21
Money Supply M2 3560444.00 3540188.00 ZAR Million Sep/21
Money Supply M3 4268636.00 4272304.00 ZAR Million Oct/21
Foreign Exchange Reserves 57520.00 57058.00 USD Million Oct/21
Banks Balance Sheet 6610487.00 6589118.00 ZAR Million Sep/21
Loans to Private Sector 4020801.00 4026311.00 ZAR Million Sep/21
Central Bank Balance Sheet 978997.00 987675.00 ZAR Million Oct/21
Lending Rate 10.00 10.00 percent Nov/19
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.