South Africa policy rate in 2009 (5 changes)

Start of year11.50%

End of year7.00%Dec 31, 2009

Net change-450 bp0 hikes, 5 cuts

Average8.363%

Rank by level7 / 38

Changes in 2009

Date	From	To	Change
Feb 6, 2009	11.50%	10.50%	cut -100 bp
Mar 25, 2009	10.50%	9.50%	cut -100 bp
May 4, 2009	9.50%	8.50%	cut -100 bp
May 29, 2009	8.50%	7.50%	cut -100 bp
Aug 14, 2009	7.50%	7.00%	cut -50 bp

Compared with other areas at the end of 2009

Serbia9.5%

Iceland9.125%

Russia8.75%

Brazil8.75%

North Macedonia8.5%

Romania8%

South Africa7%

Türkiye6.5%

Indonesia6.5%

Hungary6.25%

China5.31%

India4.75%

Mexico4.5%

Philippines4%

Australia3.75%

Poland3.5%

Colombia3.5%

Morocco3.25%

Kuwait3%

New Zealand2.5%

Saudi Arabia2%

Malaysia2%

South Korea2%

Norway1.75%

Thailand1.25%

Peru1.25%

Israel1.25%

Euro area1%

Czechia1%

Denmark0.95%

Hong Kong0.5%

United Kingdom0.5%

Chile0.5%

Switzerland0.375%

Sweden0.25%

Canada0.25%

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%

← 2008 2010 →

2009: hikes and cuts worldwide →

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