Bank Lending Rate in South Africa increased to 8.25 percent in May from 7.75 percent in May of 2022. source: South African Reserve Bank
Bank Lending Rate in South Africa averaged 12.05 percent from 1957 until 2022, 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. This page provides - South Africa Prime Overdraft Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Prime Overdraft Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Bank Lending Rate in South Africa is expected to be 8.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Prime Overdraft Rate is projected to trend around 10.50 percent in 2023 and 11.50 percent in 2024, according to our econometric models.