South Africa policy rate in 2018 (2 changes)

Start of year6.75%

End of year6.75%Dec 31, 2018

Net change+0 bp1 hikes, 1 cuts

Average6.586%

Rank by level4 / 38

Changes in 2018

Date	From	To	Change
Mar 29, 2018	6.75%	6.50%	cut -25 bp
Nov 23, 2018	6.50%	6.75%	hike +25 bp

Compared with other areas at the end of 2018

Türkiye24%

Mexico8.25%

Russia7.75%

South Africa6.75%

India6.5%

Brazil6.5%

Indonesia6%

Philippines4.75%

Iceland4.5%

China4.35%

Colombia4.25%

Malaysia3.25%

Saudi Arabia3%

Serbia3%

Kuwait3%

Peru2.75%

Hong Kong2.75%

Chile2.75%

Romania2.5%

North Macedonia2.5%

United States2.375%

Morocco2.25%

Thailand1.75%

New Zealand1.75%

South Korea1.75%

Czechia1.75%

Canada1.75%

Poland1.5%

Australia1.5%

Hungary0.9%

Norway0.75%

United Kingdom0.75%

Israel0.25%

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%

← 2017 2019 →

2018: hikes and cuts worldwide →

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