South Africa policy rate in 2016 (2 changes)

Start of year6.25%

End of year7.00%Dec 31, 2016

Net change+75 bp2 hikes, 0 cuts

Average6.908%

Rank by level5 / 38

Changes in 2016

Date	From	To	Change
Jan 29, 2016	6.25%	6.75%	hike +50 bp
Mar 18, 2016	6.75%	7.00%	hike +25 bp

Compared with other areas at the end of 2016

Brazil13.75%

Russia10%

Türkiye8%

Colombia7.5%

South Africa7%

India6.25%

Mexico5.75%

Iceland5%

Indonesia4.75%

China4.35%

Peru4.25%

Serbia4%

North Macedonia3.75%

Chile3.5%

Philippines3%

Malaysia3%

Kuwait2.5%

Morocco2.25%

Saudi Arabia2%

Romania1.75%

New Zealand1.75%

Thailand1.5%

Poland1.5%

Australia1.5%

South Korea1.25%

Hong Kong1%

Hungary0.9%

United States0.625%

Norway0.5%

Canada0.5%

United Kingdom0.25%

Israel0.1%

Czechia0.05%

Euro area0%

Japan-0.1%

Sweden-0.5%

Denmark-0.65%

Switzerland-0.75%

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%

← 2015 2017 →

2016: hikes and cuts worldwide →

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