Bank Interest Rate in South Africa 2022 Latest Update

Filed in Articles by on April 11, 2022 0 Comments

Do you want to know the current interest rate in South Africa? If yes, then this article is for you.

Interest Rate in South Africa 2022

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.

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Source: Sabonews.org

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