South Africa policy rate in 2014 (2 changes)

Start of year5.00%

End of year5.75%Dec 31, 2014

Net change+75 bp2 hikes, 0 cuts

Average5.576%

Rank by level7 / 37

Changes in 2014

Date	From	To	Change
Jan 30, 2014	5.00%	5.50%	hike +50 bp
Jul 18, 2014	5.50%	5.75%	hike +25 bp

Compared with other areas at the end of 2014

Russia17%

Brazil11.75%

Türkiye8.25%

Serbia8%

India8%

Indonesia7.75%

South Africa5.75%

China5.6%

Iceland4.5%

Colombia4.5%

Philippines4%

Peru3.5%

New Zealand3.5%

Malaysia3.25%

North Macedonia3.25%

Mexico3%

Chile3%

Romania2.75%

Morocco2.5%

Australia2.5%

Hungary2.1%

Thailand2%

Saudi Arabia2%

Poland2%

Kuwait2%

South Korea2%

Norway1.25%

Canada1%

Hong Kong0.5%

United Kingdom0.5%

Israel0.25%

United States0.125%

Euro area0.05%

Czechia0.05%

Sweden0%

Denmark-0.05%

Switzerland-0.25%

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%

← 2012 2015 →

2014: hikes and cuts worldwide →

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