South Africa: central bank policy rate

Last updated: Oct 9, 2026 11:15 UTC

Policy rate7.25%Oct 5, 2026

For information only. Figures are reproduced from the cited sources, may be delayed or contain errors, and are not advice of any kind. Always check the original source. This is not investment advice. Translations on this site are not official BIS translations.

SinceSep 25, 2026hike +25 bp

1 year ago7.00%

Last 2 years (daily values)

Policy rate since 2000 (month-end values)

All changes since 2000

Date	From	To	Change
Sep 25, 2026	7.00%	7.25%	hike +25 bp
May 29, 2026	6.75%	7.00%	hike +25 bp
Nov 21, 2025	7.00%	6.75%	cut -25 bp
Aug 1, 2025	7.25%	7.00%	cut -25 bp
May 30, 2025	7.50%	7.25%	cut -25 bp
Jan 31, 2025	7.75%	7.50%	cut -25 bp
Nov 22, 2024	8.00%	7.75%	cut -25 bp
Sep 20, 2024	8.25%	8.00%	cut -25 bp
May 26, 2023	7.75%	8.25%	hike +50 bp
Mar 31, 2023	7.25%	7.75%	hike +50 bp
Jan 27, 2023	7.00%	7.25%	hike +25 bp
Nov 25, 2022	6.25%	7.00%	hike +75 bp
Sep 23, 2022	5.50%	6.25%	hike +75 bp
Jul 22, 2022	4.75%	5.50%	hike +75 bp
May 20, 2022	4.25%	4.75%	hike +50 bp
Mar 25, 2022	4.00%	4.25%	hike +25 bp
Jan 28, 2022	3.75%	4.00%	hike +25 bp
Nov 19, 2021	3.50%	3.75%	hike +25 bp
Jul 24, 2020	3.75%	3.50%	cut -25 bp
May 22, 2020	4.25%	3.75%	cut -50 bp
Apr 15, 2020	5.25%	4.25%	cut -100 bp
Mar 20, 2020	6.25%	5.25%	cut -100 bp
Jan 17, 2020	6.50%	6.25%	cut -25 bp
Jul 19, 2019	6.75%	6.50%	cut -25 bp
Nov 23, 2018	6.50%	6.75%	hike +25 bp
Mar 29, 2018	6.75%	6.50%	cut -25 bp
Jul 21, 2017	7.00%	6.75%	cut -25 bp
Mar 18, 2016	6.75%	7.00%	hike +25 bp
Jan 29, 2016	6.25%	6.75%	hike +50 bp
Nov 20, 2015	6.00%	6.25%	hike +25 bp
Jul 24, 2015	5.75%	6.00%	hike +25 bp
Jul 18, 2014	5.50%	5.75%	hike +25 bp
Jan 30, 2014	5.00%	5.50%	hike +50 bp
Jul 20, 2012	5.50%	5.00%	cut -50 bp
Nov 19, 2010	6.00%	5.50%	cut -50 bp
Sep 10, 2010	6.50%	6.00%	cut -50 bp
Mar 26, 2010	7.00%	6.50%	cut -50 bp
Aug 14, 2009	7.50%	7.00%	cut -50 bp
May 29, 2009	8.50%	7.50%	cut -100 bp
May 4, 2009	9.50%	8.50%	cut -100 bp
Mar 25, 2009	10.50%	9.50%	cut -100 bp
Feb 6, 2009	11.50%	10.50%	cut -100 bp
Dec 12, 2008	12.00%	11.50%	cut -50 bp
Jun 13, 2008	11.50%	12.00%	hike +50 bp
Apr 11, 2008	11.00%	11.50%	hike +50 bp
Dec 7, 2007	10.50%	11.00%	hike +50 bp
Oct 12, 2007	10.00%	10.50%	hike +50 bp
Aug 17, 2007	9.50%	10.00%	hike +50 bp
Jun 8, 2007	9.00%	9.50%	hike +50 bp
Dec 8, 2006	8.50%	9.00%	hike +50 bp
Oct 13, 2006	8.00%	8.50%	hike +50 bp
Aug 3, 2006	7.50%	8.00%	hike +50 bp
Jun 8, 2006	7.00%	7.50%	hike +50 bp
Apr 14, 2005	7.50%	7.00%	cut -50 bp
Aug 13, 2004	8.00%	7.50%	cut -50 bp
Dec 12, 2003	8.50%	8.00%	cut -50 bp
Oct 17, 2003	10.00%	8.50%	cut -150 bp
Sep 11, 2003	11.00%	10.00%	cut -100 bp
Aug 15, 2003	12.00%	11.00%	cut -100 bp
Jun 13, 2003	13.50%	12.00%	cut -150 bp
Sep 13, 2002	12.50%	13.50%	hike +100 bp
Jun 14, 2002	11.50%	12.50%	hike +100 bp
Mar 15, 2002	10.50%	11.50%	hike +100 bp
Jan 16, 2002	9.50%	10.50%	hike +100 bp
Sep 21, 2001	10.00%	9.50%	cut -50 bp
Sep 5, 2001	11.00%	10.00%	cut -100 bp
Jun 15, 2001	12.00%	11.00%	cut -100 bp
Jun 12, 2001	12.03%	12.00%	cut -3 bp
Jun 11, 2001	12.01%	12.03%	hike +2 bp
Jun 8, 2001	12.00%	12.01%	hike +1 bp
Oct 19, 2000	11.99%	12.00%	hike +1 bp
Oct 18, 2000	12.00%	11.99%	cut -1 bp
Oct 17, 2000	11.75%	12.00%	hike +25 bp
Jan 14, 2000	12.00%	11.75%	cut -25 bp

Which rate is shown (BIS notes, in English)

Official repo rate.

Changes by year

Method

We download the BIS daily policy-rate series (WS_CBPOL). A change is recorded on the first day the published value differs from the previous day's value. Series that ended (for example euro area members before joining the euro) are not listed. bp = basis points (0.01 percentage point).

About this page

The policy rate of South Africa is 7.25% (BIS data as of Oct 5, 2026).