Prime Interest Rate South Africa 2024 History

Prime Interest Rate South Africa 2024 History. Lending rate in south africa averaged 11.43 percent from 1950 until 2024, reaching an all time high of 25.50 percent in august of 1998 and a record low of 5.00 percent in february of 1950. Prime overdraft rate (predominant rate) is th.

Prime lending rate data is updated monthly, averaging 10.500 % pa from jan 2000 (median) to jul 2024, with 295 observations. Old mutual chief economist johann els expects the policy repo rate to remain unchanged at 8.25%, marking the fourth consecutive meeting without a rate.