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South Africa Bank Lending Rate
Last Release
Nov 21, 2024
Actual
11.25
Units In
%
Previous
11.5
Frequency
Monthly
Next Release
Jan 24, 2025
Time to Release
2 Months 2 Days 9 Hours
Highest | Lowest | Average | Date Range | Source |
25.5 Aug 1998 | 5.5 Dec 1962 | 12.01 % | 1957-2024 | South African Reserve Bank |
In South Africa, the bank lending rate refers to commercial banks prime overdraft rate. It is a benchmark rate priced at 3.5 basis points above the repurchase rate and it is used by banks to price the lending rates offered to clients at either above or below the benchmark rate.
South Africa Bank Lending Rate History
Last 12 readings
