South Africa policy rate in 2008 (3 changes)

Start of year11.00%

End of year11.50%Dec 31, 2008

Net change+50 bp2 hikes, 1 cuts

Average11.614%

Rank by level6 / 38

Changes in 2008

Date	From	To	Change
Apr 11, 2008	11.00%	11.50%	hike +50 bp
Jun 13, 2008	11.50%	12.00%	hike +50 bp
Dec 12, 2008	12.00%	11.50%	cut -50 bp

Compared with other areas at the end of 2008

Iceland18%

Serbia17.75%

Türkiye15%

Brazil13.75%

Russia13%

South Africa11.5%

Romania10.25%

Hungary10%

Colombia9.5%

Indonesia9.25%

Mexico8.25%

Chile8.25%

North Macedonia7%

Peru6.5%

India6.5%

Philippines5.5%

China5.31%

Poland5%

New Zealand5%

Australia4.25%

Kuwait3.75%

Denmark3.75%

Morocco3.5%

Malaysia3.25%

Norway3%

South Korea3%

Thailand2.75%

Euro area2.5%

Saudi Arabia2.5%

Israel2.5%

Czechia2.25%

Sweden2%

United Kingdom2%

Canada1.5%

Hong Kong0.5%

Switzerland0.5%

United States0.125%

Japan0.1%

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%

← 2007 2009 →

2008: hikes and cuts worldwide →

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