Central bank policy rate in South Africa

Central bank policy rate in South Africa was 7.25% in September 2026, according to Bank for International Settlements. That is up 0.25 pts from September 2025. That is the 6th highest of 36 countries in July 2026.

September 20267.25%
Change on September 2025+0.25 pts
Rank6th of 36Countries ranked
Series high21.855September 1998
Series low3.5July 2020

Central bank policy rate in South Africa, December 1980 to September 2026

CSVChart (SVG)

05101520251980-121987-071994-022000-092007-042013-112020-062026-091980-12: 7 %1981-01: 7 %1981-02: 8 %1981-03: 8 %1981-04: 8 %1981-05: 9.5 %1981-06: 10.5 %1981-07: 12.5 %1981-08: 12.5 %1981-09: 12.5 %1981-10: 12.5 %1981-11: 12.5 %1981-12: 13.5 %1982-01: 13.5 %1982-02: 13.5 %1982-03: 13.5 %1982-04: 13.5 %1982-05: 13.5 %1982-06: 13.5 %1982-07: 13.5 %1982-08: 13.5 %1982-09: 13.5 %1982-10: 13.5 %1982-11: 13.5 %1982-12: 13.5 %1983-01: 13.5 %1983-02: 13.5 %1983-03: 13.5 %1983-04: 13.5 %1983-05: 13.5 %1983-06: 13.5 %1983-07: 13.5 %1983-08: 13.5 %1983-09: 13.5 %1983-10: 13.5 %1983-11: 13.5 %1983-12: 17.75 %1984-01: 17.75 %1984-02: 17.75 %1984-03: 17.75 %1984-04: 17.75 %1984-05: 17.75 %1984-06: 17.75 %1984-07: 18.75 %1984-08: 21.75 %1984-09: 21.75 %1984-10: 21.75 %1984-11: 20.75 %1984-12: 20.75 %1985-01: 21.75 %1985-02: 21.75 %1985-03: 21.75 %1985-04: 21.75 %1985-05: 19.75 %1985-06: 18.75 %1985-07: 17.75 %1985-08: 16 %1985-09: 15 %1985-10: 14 %1985-11: 13 %1985-12: 13 %1986-01: 12 %1986-02: 12 %1986-03: 12 %1986-04: 12 %1986-05: 11 %1986-06: 11 %1986-07: 11 %1986-08: 10.5 %1986-09: 10 %1986-10: 10 %1986-11: 10 %1986-12: 9.5 %1987-01: 9.5 %1987-02: 9.5 %1987-03: 9.5 %1987-04: 9.5 %1987-05: 9.5 %1987-06: 9.5 %1987-07: 9.5 %1987-08: 9.5 %1987-09: 9.5 %1987-10: 9.5 %1987-11: 9.5 %1987-12: 9.5 %1988-01: 9.5 %1988-02: 9.5 %1988-03: 10.5 %1988-04: 10.5 %1988-05: 11.5 %1988-06: 11.5 %1988-07: 12.5 %1988-08: 12.5 %1988-09: 12.5 %1988-10: 12.5 %1988-11: 14.5 %1988-12: 14.5 %1989-01: 14.5 %1989-02: 16 %1989-03: 16 %1989-04: 16 %1989-05: 17 %1989-06: 17 %1989-07: 17 %1989-08: 17 %1989-09: 17 %1989-10: 18 %1989-11: 18 %1989-12: 18 %1990-01: 18 %1990-02: 18 %1990-03: 18 %1990-04: 18 %1990-05: 18 %1990-06: 18 %1990-07: 18 %1990-08: 18 %1990-09: 18 %1990-10: 18 %1990-11: 18 %1990-12: 18 %1991-01: 18 %1991-02: 18 %1991-03: 17 %1991-04: 17 %1991-05: 17 %1991-06: 17 %1991-07: 17 %1991-08: 17 %1991-09: 17 %1991-10: 17 %1991-11: 17 %1991-12: 17 %1992-01: 17 %1992-02: 17 %1992-03: 16 %1992-04: 16 %1992-05: 16 %1992-06: 15 %1992-07: 15 %1992-08: 15 %1992-09: 15 %1992-10: 15 %1992-11: 14 %1992-12: 14 %1993-01: 14 %1993-02: 13 %1993-03: 13 %1993-04: 13 %1993-05: 13 %1993-06: 13 %1993-07: 13 %1993-08: 13 %1993-09: 13 %1993-10: 12 %1993-11: 12 %1993-12: 12 %1994-01: 12 %1994-02: 12 %1994-03: 12 %1994-04: 12 %1994-05: 12 %1994-06: 12 %1994-07: 12 %1994-08: 12 %1994-09: 13 %1994-10: 13 %1994-11: 13 %1994-12: 13 %1995-01: 13 %1995-02: 14 %1995-03: 14 %1995-04: 14 %1995-05: 14 %1995-06: 15 %1995-07: 15 %1995-08: 15 %1995-09: 15 %1995-10: 15 %1995-11: 15 %1995-12: 15 %1996-01: 15 %1996-02: 15 %1996-03: 15 %1996-04: 16 %1996-05: 16 %1996-06: 16 %1996-07: 16 %1996-08: 16 %1996-09: 16 %1996-10: 16 %1996-11: 17 %1996-12: 17 %1997-01: 17 %1997-02: 17 %1997-03: 17 %1997-04: 17 %1997-05: 17 %1997-06: 17 %1997-07: 17 %1997-08: 17 %1997-09: 17 %1997-10: 16 %1997-11: 16 %1997-12: 16 %1998-01: 16 %1998-02: 16 %1998-03: 15 %1998-04: 14.927 %1998-05: 18 %1998-06: 20.209 %1998-07: 21.346 %1998-08: 21.854 %1998-09: 21.855 %1998-10: 20.718 %1998-11: 19.727 %1998-12: 19.32 %1999-01: 18.826 %1999-02: 17.36 %1999-03: 16.505 %1999-04: 15.665 %1999-05: 15.464 %1999-06: 14.915 %1999-07: 13.652 %1999-08: 13.44 %1999-09: 12.4 %1999-10: 12.19 %1999-11: 12 %1999-12: 12 %2000-01: 11.75 %2000-02: 11.75 %2000-03: 11.75 %2000-04: 11.75 %2000-05: 11.75 %2000-06: 11.75 %2000-07: 11.75 %2000-08: 11.75 %2000-09: 11.75 %2000-10: 12 %2000-11: 12 %2000-12: 12 %2001-01: 12 %2001-02: 12 %2001-03: 12 %2001-04: 12 %2001-05: 12 %2001-06: 11 %2001-07: 11 %2001-08: 11 %2001-09: 9.5 %2001-10: 9.5 %2001-11: 9.5 %2001-12: 9.5 %2002-01: 10.5 %2002-02: 10.5 %2002-03: 11.5 %2002-04: 11.5 %2002-05: 11.5 %2002-06: 12.5 %2002-07: 12.5 %2002-08: 12.5 %2002-09: 13.5 %2002-10: 13.5 %2002-11: 13.5 %2002-12: 13.5 %2003-01: 13.5 %2003-02: 13.5 %2003-03: 13.5 %2003-04: 13.5 %2003-05: 13.5 %2003-06: 12 %2003-07: 12 %2003-08: 11 %2003-09: 10 %2003-10: 8.5 %2003-11: 8.5 %2003-12: 8 %2004-01: 8 %2004-02: 8 %2004-03: 8 %2004-04: 8 %2004-05: 8 %2004-06: 8 %2004-07: 8 %2004-08: 7.5 %2004-09: 7.5 %2004-10: 7.5 %2004-11: 7.5 %2004-12: 7.5 %2005-01: 7.5 %2005-02: 7.5 %2005-03: 7.5 %2005-04: 7 %2005-05: 7 %2005-06: 7 %2005-07: 7 %2005-08: 7 %2005-09: 7 %2005-10: 7 %2005-11: 7 %2005-12: 7 %2006-01: 7 %2006-02: 7 %2006-03: 7 %2006-04: 7 %2006-05: 7 %2006-06: 7.5 %2006-07: 7.5 %2006-08: 8 %2006-09: 8 %2006-10: 8.5 %2006-11: 8.5 %2006-12: 9 %2007-01: 9 %2007-02: 9 %2007-03: 9 %2007-04: 9 %2007-05: 9 %2007-06: 9.5 %2007-07: 9.5 %2007-08: 10 %2007-09: 10 %2007-10: 10.5 %2007-11: 10.5 %2007-12: 11 %2008-01: 11 %2008-02: 11 %2008-03: 11 %2008-04: 11.5 %2008-05: 11.5 %2008-06: 12 %2008-07: 12 %2008-08: 12 %2008-09: 12 %2008-10: 12 %2008-11: 12 %2008-12: 11.5 %2009-01: 11.5 %2009-02: 10.5 %2009-03: 9.5 %2009-04: 9.5 %2009-05: 7.5 %2009-06: 7.5 %2009-07: 7.5 %2009-08: 7 %2009-09: 7 %2009-10: 7 %2009-11: 7 %2009-12: 7 %2010-01: 7 %2010-02: 7 %2010-03: 6.5 %2010-04: 6.5 %2010-05: 6.5 %2010-06: 6.5 %2010-07: 6.5 %2010-08: 6.5 %2010-09: 6 %2010-10: 6 %2010-11: 5.5 %2010-12: 5.5 %2011-01: 5.5 %2011-02: 5.5 %2011-03: 5.5 %2011-04: 5.5 %2011-05: 5.5 %2011-06: 5.5 %2011-07: 5.5 %2011-08: 5.5 %2011-09: 5.5 %2011-10: 5.5 %2011-11: 5.5 %2011-12: 5.5 %2012-01: 5.5 %2012-02: 5.5 %2012-03: 5.5 %2012-04: 5.5 %2012-05: 5.5 %2012-06: 5.5 %2012-07: 5 %2012-08: 5 %2012-09: 5 %2012-10: 5 %2012-11: 5 %2012-12: 5 %2013-01: 5 %2013-02: 5 %2013-03: 5 %2013-04: 5 %2013-05: 5 %2013-06: 5 %2013-07: 5 %2013-08: 5 %2013-09: 5 %2013-10: 5 %2013-11: 5 %2013-12: 5 %2014-01: 5.5 %2014-02: 5.5 %2014-03: 5.5 %2014-04: 5.5 %2014-05: 5.5 %2014-06: 5.5 %2014-07: 5.75 %2014-08: 5.75 %2014-09: 5.75 %2014-10: 5.75 %2014-11: 5.75 %2014-12: 5.75 %2015-01: 5.75 %2015-02: 5.75 %2015-03: 5.75 %2015-04: 5.75 %2015-05: 5.75 %2015-06: 5.75 %2015-07: 6 %2015-08: 6 %2015-09: 6 %2015-10: 6 %2015-11: 6.25 %2015-12: 6.25 %2016-01: 6.75 %2016-02: 6.75 %2016-03: 7 %2016-04: 7 %2016-05: 7 %2016-06: 7 %2016-07: 7 %2016-08: 7 %2016-09: 7 %2016-10: 7 %2016-11: 7 %2016-12: 7 %2017-01: 7 %2017-02: 7 %2017-03: 7 %2017-04: 7 %2017-05: 7 %2017-06: 7 %2017-07: 6.75 %2017-08: 6.75 %2017-09: 6.75 %2017-10: 6.75 %2017-11: 6.75 %2017-12: 6.75 %2018-01: 6.75 %2018-02: 6.75 %2018-03: 6.5 %2018-04: 6.5 %2018-05: 6.5 %2018-06: 6.5 %2018-07: 6.5 %2018-08: 6.5 %2018-09: 6.5 %2018-10: 6.5 %2018-11: 6.75 %2018-12: 6.75 %2019-01: 6.75 %2019-02: 6.75 %2019-03: 6.75 %2019-04: 6.75 %2019-05: 6.75 %2019-06: 6.75 %2019-07: 6.5 %2019-08: 6.5 %2019-09: 6.5 %2019-10: 6.5 %2019-11: 6.5 %2019-12: 6.5 %2020-01: 6.25 %2020-02: 6.25 %2020-03: 5.25 %2020-04: 4.25 %2020-05: 3.75 %2020-06: 3.75 %2020-07: 3.5 %2020-08: 3.5 %2020-09: 3.5 %2020-10: 3.5 %2020-11: 3.5 %2020-12: 3.5 %2021-01: 3.5 %2021-02: 3.5 %2021-03: 3.5 %2021-04: 3.5 %2021-05: 3.5 %2021-06: 3.5 %2021-07: 3.5 %2021-08: 3.5 %2021-09: 3.5 %2021-10: 3.5 %2021-11: 3.75 %2021-12: 3.75 %2022-01: 4 %2022-02: 4 %2022-03: 4.25 %2022-04: 4.25 %2022-05: 4.75 %2022-06: 4.75 %2022-07: 5.5 %2022-08: 5.5 %2022-09: 6.25 %2022-10: 6.25 %2022-11: 7 %2022-12: 7 %2023-01: 7.25 %2023-02: 7.25 %2023-03: 7.75 %2023-04: 7.75 %2023-05: 8.25 %2023-06: 8.25 %2023-07: 8.25 %2023-08: 8.25 %2023-09: 8.25 %2023-10: 8.25 %2023-11: 8.25 %2023-12: 8.25 %2024-01: 8.25 %2024-02: 8.25 %2024-03: 8.25 %2024-04: 8.25 %2024-05: 8.25 %2024-06: 8.25 %2024-07: 8.25 %2024-08: 8.25 %2024-09: 8 %2024-10: 8 %2024-11: 7.75 %2024-12: 7.75 %2025-01: 7.5 %2025-02: 7.5 %2025-03: 7.5 %2025-04: 7.5 %2025-05: 7.25 %2025-06: 7.25 %2025-07: 7.25 %2025-08: 7 %2025-09: 7 %2025-10: 7 %2025-11: 6.75 %2025-12: 6.75 %2026-01: 6.75 %2026-02: 6.75 %2026-03: 6.75 %2026-04: 6.75 %2026-05: 7 %2026-06: 7 %2026-07: 7 %2026-08: 7 %2026-09: 7.25 %
%. Source: BIS. Retrieved 2026-10-09.
All 550 values
Period%
2026-097.25
2026-087
2026-077
2026-067
2026-057
2026-046.75
2026-036.75
2026-026.75
2026-016.75
2025-126.75
2025-116.75
2025-107
2025-097
2025-087
2025-077.25
2025-067.25
2025-057.25
2025-047.5
2025-037.5
2025-027.5
2025-017.5
2024-127.75
2024-117.75
2024-108
2024-098
2024-088.25
2024-078.25
2024-068.25
2024-058.25
2024-048.25
2024-038.25
2024-028.25
2024-018.25
2023-128.25
2023-118.25
2023-108.25
2023-098.25
2023-088.25
2023-078.25
2023-068.25
2023-058.25
2023-047.75
2023-037.75
2023-027.25
2023-017.25
2022-127
2022-117
2022-106.25
2022-096.25
2022-085.5
2022-075.5
2022-064.75
2022-054.75
2022-044.25
2022-034.25
2022-024
2022-014
2021-123.75
2021-113.75
2021-103.5
2021-093.5
2021-083.5
2021-073.5
2021-063.5
2021-053.5
2021-043.5
2021-033.5
2021-023.5
2021-013.5
2020-123.5
2020-113.5
2020-103.5
2020-093.5
2020-083.5
2020-073.5
2020-063.75
2020-053.75
2020-044.25
2020-035.25
2020-026.25
2020-016.25
2019-126.5
2019-116.5
2019-106.5
2019-096.5
2019-086.5
2019-076.5
2019-066.75
2019-056.75
2019-046.75
2019-036.75
2019-026.75
2019-016.75
2018-126.75
2018-116.75
2018-106.5
2018-096.5
2018-086.5
2018-076.5
2018-066.5
2018-056.5
2018-046.5
2018-036.5
2018-026.75
2018-016.75
2017-126.75
2017-116.75
2017-106.75
2017-096.75
2017-086.75
2017-076.75
2017-067
2017-057
2017-047
2017-037
2017-027
2017-017
2016-127
2016-117
2016-107
2016-097
2016-087
2016-077
2016-067
2016-057
2016-047
2016-037
2016-026.75
2016-016.75
2015-126.25
2015-116.25
2015-106
2015-096
2015-086
2015-076
2015-065.75
2015-055.75
2015-045.75
2015-035.75
2015-025.75
2015-015.75
2014-125.75
2014-115.75
2014-105.75
2014-095.75
2014-085.75
2014-075.75
2014-065.5
2014-055.5
2014-045.5
2014-035.5
2014-025.5
2014-015.5
2013-125
2013-115
2013-105
2013-095
2013-085
2013-075
2013-065
2013-055
2013-045
2013-035
2013-025
2013-015
2012-125
2012-115
2012-105
2012-095
2012-085
2012-075
2012-065.5
2012-055.5
2012-045.5
2012-035.5
2012-025.5
2012-015.5
2011-125.5
2011-115.5
2011-105.5
2011-095.5
2011-085.5
2011-075.5
2011-065.5
2011-055.5
2011-045.5
2011-035.5
2011-025.5
2011-015.5
2010-125.5
2010-115.5
2010-106
2010-096
2010-086.5
2010-076.5
2010-066.5
2010-056.5
2010-046.5
2010-036.5
2010-027
2010-017
2009-127
2009-117
2009-107
2009-097
2009-087
2009-077.5
2009-067.5
2009-057.5
2009-049.5
2009-039.5
2009-0210.5
2009-0111.5
2008-1211.5
2008-1112
2008-1012
2008-0912
2008-0812
2008-0712
2008-0612
2008-0511.5
2008-0411.5
2008-0311
2008-0211
2008-0111
2007-1211
2007-1110.5
2007-1010.5
2007-0910
2007-0810
2007-079.5
2007-069.5
2007-059
2007-049
2007-039
2007-029
2007-019
2006-129
2006-118.5
2006-108.5
2006-098
2006-088
2006-077.5
2006-067.5
2006-057
2006-047
2006-037
2006-027
2006-017
2005-127
2005-117
2005-107
2005-097
2005-087
2005-077
2005-067
2005-057
2005-047
2005-037.5
2005-027.5
2005-017.5
2004-127.5
2004-117.5
2004-107.5
2004-097.5
2004-087.5
2004-078
2004-068
2004-058
2004-048
2004-038
2004-028
2004-018
2003-128
2003-118.5
2003-108.5
2003-0910
2003-0811
2003-0712
2003-0612
2003-0513.5
2003-0413.5
2003-0313.5
2003-0213.5
2003-0113.5
2002-1213.5
2002-1113.5
2002-1013.5
2002-0913.5
2002-0812.5
2002-0712.5
2002-0612.5
2002-0511.5
2002-0411.5
2002-0311.5
2002-0210.5
2002-0110.5
2001-129.5
2001-119.5
2001-109.5
2001-099.5
2001-0811
2001-0711
2001-0611
2001-0512
2001-0412
2001-0312
2001-0212
2001-0112
2000-1212
2000-1112
2000-1012
2000-0911.75
2000-0811.75
2000-0711.75
2000-0611.75
2000-0511.75
2000-0411.75
2000-0311.75
2000-0211.75
2000-0111.75
1999-1212
1999-1112
1999-1012.19
1999-0912.4
1999-0813.44
1999-0713.652
1999-0614.915
1999-0515.464
1999-0415.665
1999-0316.505
1999-0217.36
1999-0118.826
1998-1219.32
1998-1119.727
1998-1020.718
1998-0921.855
1998-0821.854
1998-0721.346
1998-0620.209
1998-0518
1998-0414.927
1998-0315
1998-0216
1998-0116
1997-1216
1997-1116
1997-1016
1997-0917
1997-0817
1997-0717
1997-0617
1997-0517
1997-0417
1997-0317
1997-0217
1997-0117
1996-1217
1996-1117
1996-1016
1996-0916
1996-0816
1996-0716
1996-0616
1996-0516
1996-0416
1996-0315
1996-0215
1996-0115
1995-1215
1995-1115
1995-1015
1995-0915
1995-0815
1995-0715
1995-0615
1995-0514
1995-0414
1995-0314
1995-0214
1995-0113
1994-1213
1994-1113
1994-1013
1994-0913
1994-0812
1994-0712
1994-0612
1994-0512
1994-0412
1994-0312
1994-0212
1994-0112
1993-1212
1993-1112
1993-1012
1993-0913
1993-0813
1993-0713
1993-0613
1993-0513
1993-0413
1993-0313
1993-0213
1993-0114
1992-1214
1992-1114
1992-1015
1992-0915
1992-0815
1992-0715
1992-0615
1992-0516
1992-0416
1992-0316
1992-0217
1992-0117
1991-1217
1991-1117
1991-1017
1991-0917
1991-0817
1991-0717
1991-0617
1991-0517
1991-0417
1991-0317
1991-0218
1991-0118
1990-1218
1990-1118
1990-1018
1990-0918
1990-0818
1990-0718
1990-0618
1990-0518
1990-0418
1990-0318
1990-0218
1990-0118
1989-1218
1989-1118
1989-1018
1989-0917
1989-0817
1989-0717
1989-0617
1989-0517
1989-0416
1989-0316
1989-0216
1989-0114.5
1988-1214.5
1988-1114.5
1988-1012.5
1988-0912.5
1988-0812.5
1988-0712.5
1988-0611.5
1988-0511.5
1988-0410.5
1988-0310.5
1988-029.5
1988-019.5
1987-129.5
1987-119.5
1987-109.5
1987-099.5
1987-089.5
1987-079.5
1987-069.5
1987-059.5
1987-049.5
1987-039.5
1987-029.5
1987-019.5
1986-129.5
1986-1110
1986-1010
1986-0910
1986-0810.5
1986-0711
1986-0611
1986-0511
1986-0412
1986-0312
1986-0212
1986-0112
1985-1213
1985-1113
1985-1014
1985-0915
1985-0816
1985-0717.75
1985-0618.75
1985-0519.75
1985-0421.75
1985-0321.75
1985-0221.75
1985-0121.75
1984-1220.75
1984-1120.75
1984-1021.75
1984-0921.75
1984-0821.75
1984-0718.75
1984-0617.75
1984-0517.75
1984-0417.75
1984-0317.75
1984-0217.75
1984-0117.75
1983-1217.75
1983-1113.5
1983-1013.5
1983-0913.5
1983-0813.5
1983-0713.5
1983-0613.5
1983-0513.5
1983-0413.5
1983-0313.5
1983-0213.5
1983-0113.5
1982-1213.5
1982-1113.5
1982-1013.5
1982-0913.5
1982-0813.5
1982-0713.5
1982-0613.5
1982-0513.5
1982-0413.5
1982-0313.5
1982-0213.5
1982-0113.5
1981-1213.5
1981-1112.5
1981-1012.5
1981-0912.5
1981-0812.5
1981-0712.5
1981-0610.5
1981-059.5
1981-048
1981-038
1981-028
1981-017
1980-127

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.ZA?format=csv. Retrieved 2026-10-09.

Use this data in your AI agent

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What is the latest central bank policy rate in South Africa? Cite the source.
get_value {"indicator":"policy_interest_rate","place":"za"}
GET https://invokely.ai/api/v1/value?indicator=policy_interest_rate&place=za

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Questions

What is the central bank policy rate in South Africa?

Central bank policy rate in South Africa was 7.25% in September 2026, according to Bank for International Settlements. That is up 0.25 pts from September 2025. That is the 6th highest of 36 countries in July 2026.

Where does this figure come from?

Bank for International Settlements. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in South Africa?

21.855% in September 1998, the highest value since December 1980 in this series.

More statistics for South Africa

All statistics for South Africa