South Africa bank lending rate


South Africa bank lending rate closed down 11.75 as of July 18, 2024 from 11.75 from the previous day, 11.75 last week and 11.8 last month.

South Africa bank lending rate Analytics & Data




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South Africa bank lending rate closing prices of the last 60 days are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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South Africa bank lending rate Historical Data

DateClose
2024-07-18 11.75
2024-05-30 11.75
2024-03-31 11.75
2024-03-27 11.75
2024-02-29 11.75
2024-01-31 11.75
2024-01-25 11.75
2023-12-31 11.75
2023-11-30 11.75
2023-11-23 11.75
2023-10-31 11.75
2023-09-30 11.75
2023-09-22 11.75
2023-08-31 11.75
2023-07-31 11.75
2023-07-20 11.75
2023-06-30 11.75
2023-05-31 11.8
2023-05-31 11.8
2023-05-31 11.8
2023-05-31 11.8
2023-05-25 11.75
2023-04-30 11.25
2023-03-31 11.25
2023-03-24 11.25
2023-01-31 10.75
2023-01-27 10.75
2022-11-30 10.5
2022-11-24 10.5
2022-09-30 9.75
2022-09-22 9.75
2022-08-31 9
2022-07-31 9
2022-07-21 8.25
2022-06-30 8.25
2022-05-31 8.25
2022-05-19 7.75
2022-03-31 7.75
2022-03-24 7.75

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South Africa bank lending rate Statistics

SecuritySymbolLastMomentumTrendOscillator1D%1W%1M%1Y%
South Africa bank lending rateza.banks.lendingrate0000

South Africa bank lending rate Factors

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South Africa bank lending rate Historical Data

The MacroVar database offers free access to historical data for the South Africa bank lending rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of South Africa bank lending rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Africa bank lending rate

The South Africa bank lending rate refers to the interest rate at which commercial banks in South Africa lend money to borrowers. This rate is set by the South African Reserve Bank and plays a crucial role in determining the cost of borrowing for individuals and businesses in the country. A lower lending rate can stimulate economic growth by making it cheaper for businesses to invest and expand, while a higher lending rate can help control inflation and prevent the economy from overheating. The South Africa bank lending rate is an important tool used by the central bank to regulate the country's monetary policy and influence economic activity.