Aug 2017 4.25 Sep 2017 3.75 Oct 2017 3.00 …
The primary purpose of the Bank is to achieve and maintain price stability in the interest of balanced and sustainable economic growth in South Africa.
Current Forecast of WSJ Prime Interest Rate. The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before).
Last Update: Friday, Aug 28, 2020. The cut was the fifth in a row and brought total easing this year to 300 basis points.Focus Economics Consensus forecast projects the repurchase rate to end 2020 at 3.44% and 2021 at 3.82%.5 years of economic forecasts for more than 30 economic indicators.Get a sample report showing our regional, country and commodities data and analysis. Reference
Monthly Prime Rate value {as of Aug 2017}: 4.25. Prime Overdraft Rate
Interest Rate in South Africa averaged 12.35 percent from 1998 until 2020, reaching an all time high of 23.99 percent in June of 1998 and a record low of 3.75 percent in May of 2020. Further interest-rate cuts in South Africa may now depend on how deep the central bank sees the economy contracting. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Click on the button below to get started. Note: This is based on the most recent (as of: Friday, Aug 28, 2020) 1-Mo T-Bill value that is greater than '0'. The trend of the inflation rate since 2010 could be called upward if there was no decline in 2012 and 2014. Includes Prime Rate Chart and historical Data.
On 23 July, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) lowered the repurchase rate by 25 basis points to 3.50%, coming in line with market expectations and marking a new record low.
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. Prime Overdraft Rate
Prime Overdraft Rate
About the Prime Rate + Current Value + Historical Data. World and regional statistics, national data, maps and rankingsLatest releases of new datasets and data updates from different sources around the worldCurated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries.Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema.Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database.Search and explore the world’s largest statistical database to find data.Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data.Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives.According to OECD, consumer price inflation in South Africa reached the peak of 8.8% in 2008. Consumer prices rose 1.31% from the previous month in July, picking up from the 0.52% increase seen in June. According to OECD, consumer price inflation in South Africa reached the peak of 8.8% in 2008. This stayed constant from the previous number of 7.250 % pa for Jun 2020. ... A long range forecast for the WSJ Prime Rate and similar economic series is available by subscription. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. The South African Reserve Bank is the central bank of the Republic of South Africa. The South Africa IHS Markit PMI rose to 44.9 in July from 42.5 in June, marking the best reading in five months. Current Prime Rate: 4.25.
Are you sure you want to delete this document? Projected Future Prime Rate Values: 2020 - 2050. On 27 August 2018, Dr Roelof Botha, economist at Optimum-group wrote in Beeld that SARB is 150 basis points above where it should be. IMF agree with OECD and UN that following year will show the increase of inflation. China GDP Growth Forecast 2019-2024 and up to 2060, Data and Charts
South Africa announced Wednesday that it has cut its economic growth forecast for 2020 by around half. The table shows a HDTFA of 1.03% which suggests that the March, 2020 rate could easily fall between 6.53% and 4.47%.