Last Updated on April 11, 2022
Do you want to know the current interest rate in South Africa? If yes, then this article is for you.
In South Africa, the interest rates decisions are taken by the South African Reserve Bank’s Monetary Policy Committee (MPC). The official interest rate is the repo rate. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an end-of-period basis.
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Interest Rate in South Africa 2022
The South African Reserve Bank held its benchmark interest rate by another 25 bps to 4.25% at its March 2022 meeting, as widely expected.