South Africa policy rate in 2007 (4 changes)

Start of year9.00%

End of year11.00%Dec 31, 2007

Net change+200 bp4 hikes, 0 cuts

Average9.611%

Rank by level4 / 38

Changes in 2007

Date	From	To	Change
Jun 8, 2007	9.00%	9.50%	hike +50 bp
Aug 17, 2007	9.50%	10.00%	hike +50 bp
Oct 12, 2007	10.00%	10.50%	hike +50 bp
Dec 7, 2007	10.50%	11.00%	hike +50 bp

Compared with other areas at the end of 2007

Türkiye15.75%

Iceland13.75%

Brazil11.25%

South Africa11%

Russia10%

Serbia10%

Colombia9.5%

New Zealand8.25%

Indonesia8%

India7.75%

Mexico7.57%

Romania7.5%

Hungary7.5%

China7.47%

Australia6.75%

Kuwait6.25%

Chile6%

Hong Kong5.75%

Saudi Arabia5.5%

United Kingdom5.5%

Philippines5.25%

Norway5.25%

Poland5%

Peru5%

South Korea5%

North Macedonia4.81%

United States4.25%

Israel4.25%

Denmark4.25%

Canada4.25%

Euro area4%

Sweden4%

Malaysia3.5%

Czechia3.5%

Thailand3.25%

Morocco3.25%

Switzerland2.75%

Japan0.5%

Year-end rate over time

20267.25%

20256.75%

20247.75%

20238.25%

20227%

20213.75%

20203.5%

20196.5%

20186.75%

20176.75%

20167%

20156.25%

20145.75%

20135%

20125%

20115.5%

20105.5%

20097%

200811.5%

200711%

20069%

20057%

20047.5%

20038%

200213.5%

20019.5%

200012%

← 2006 2008 →

2007: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.